Walmart Inc.Long
Walmart Flying High
Looks like Walmart is just in a euphoric state, keeps rising. Looking at the 1 day chart to determine when stock will drop. It may continue its steady up trend until earnings. With a high RSI and the candles moving further and further away from the moving average you think to scream sell. However, if you look at the most current candle stick ( Tuesday October 13th ) you can see it has a huge bull wick. The bullinger bands have not crossed yet, the RSI seems to max out at 75 for Walmart ( currently 70 ) and the MACD shows growing bull strength. This will be a fun one to trade. Will be watching for the sell signal. I will post when a daily sell signal arises.
Like if you are a Walmart Bull and think it will continue rising high into earnings, and comment any thoughts/opinions. Would love to hear your take on it.
Current Position: 2 Calls @ 4.55 a contract Expires 12/18
Put myself in a strong position to average down if needed.
Like if you are a Walmart Bull and think it will continue rising high into earnings, and comment any thoughts/opinions. Would love to hear your take on it.
Current Position: 2 Calls @ 4.55 a contract Expires 12/18
Put myself in a strong position to average down if needed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.