Walmart Inc.Long
WMT 99 CALL Exp March 7 (Loss)
Initially I was under the impression that price was going to continue back upward due to higher timeframe candles, but later realized the heavy rejection on the 50% fibonacci level at a daily key level. Price gave me a very strong and big wick on the 4HR candlestick showing that buyers lost the battle to the sellers.
So I went to the daily timeframe to see the overall trend direction to find out it was starting to go downward, along with fundamental analysis about WMT dipping soon.
So I went to the daily timeframe to see the overall trend direction to find out it was starting to go downward, along with fundamental analysis about WMT dipping soon.
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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.