WMT short
Entry price: 151-153$
1st target price: 142.5-144$
2nd target price: 134-136$
RSI: broke 70 level, the asset is overbought
Stochastic: both lines above 80 level, the asset is overbought
Bollinger bands: the price is inside of Bollinger bands, approaching the upper band
Conclusions: The asset is overbought, approaching strong resistance level around the price 152, thus the trend reversal is very likely. The short position is recommended with the two potential targets.
Above analyse is just for an informative/educational use and should not be treated as a professional financial advice.
1st target price: 142.5-144$
2nd target price: 134-136$
RSI: broke 70 level, the asset is overbought
Stochastic: both lines above 80 level, the asset is overbought
Bollinger bands: the price is inside of Bollinger bands, approaching the upper band
Conclusions: The asset is overbought, approaching strong resistance level around the price 152, thus the trend reversal is very likely. The short position is recommended with the two potential targets.
Above analyse is just for an informative/educational use and should not be treated as a professional financial advice.
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