Going to try some puts, might not work but this is a great resistance, a long with the markets look to be possibly topping all around for a long time this seems like a good r/r. My buddy kept talking about how amazing it is so I looked lol, good spot to short even if it doesn't work out.
when DOW Trump making America great again in addition to lowering rates this Iconic Business may just surprise the rest .. still under the grid hiding from the ROCKS STAR Amazon
What we can see on the chart is the symmetrical triangle which is neutral formation therefore we should wait with taking position as it may breakout to the upside or to the downside. How to trade: Enter long or short position once the price breakout of the triangle. Targets for longs and shorts are shown on the chart. In order to avoid trading the fake breakout,...
WMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
Don’t get me wrong, the company is fabulous and earnings was rock solid in this economy but rallies end in euphoria. In my opinion so far the distribution is completed and the price is going to fall. Do you remember Amazon when it was around 3.5K and we had beats and 4K price targets everywhere? The same situation is happening right now as consumers suffer due to...
Walmart Short Term - We look to Sell at 127.66 (stop at 133.76) This stock has recently been in the news headlines. They issued a profit warning ahead of earnings. Our outlook is bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 128.00 and should cap gains to this area. Preferred trade is to sell into rallies. Our...
After falling from 160 USD a share, WMT formed double bottom at around 117 USD a share, and a high of 129 USD a share in between. The short time trend from 129 to 117 is now broken to the up side with decent volume.
Gap Short Term - We look to Buy at 8.08 (stop at 5.20) This stock has recently been in the news headlines. They reported an earnings surprise miss. We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Dip buying offers good risk/reward. Our profit targets will be 15.00 and 17.50 Resistance:...
Ross Stores Short Term - We look to Buy at 62.32 (stop at 53.59) This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...
Cisco Systems Short Term - We look to Buy at 40.15 (stop at 37.59) This stock has recently been in the news headlines. They reported earnings and missed quarterly revenue estimates. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Trading close to the psychological 40.00 level. Further upside is...
Target Short Term - We look to Buy at 160 (stop at 140) This stock has recently been in the news headlines. They reported a surprise earnings miss and this sent the share price plummeting in the premarket. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dip buying offers good risk/reward. Further...
$WMT Wallamrt is in downtrend. Analysis: - Wallmart is in downtrend from Resistance - Wallmart is currently $144 - An RSI Divergence occured last week TAKE AWAY: - WATCH for the mid level support, if it breaks expect the stock to lower to Support - If Wallmart bounces off the mid support it will rise to resistance again.
my idea in WMT . i think we are headed to these fibo targets.
If WMT breaks $143 we could see it enter an uptrend to the top of the trend channel
blue zone will be my long area. stop and take profits are on the chart
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...
Price seems to be respecting the 50MA in this healthy looking uptrend. Im waiting here but will be looking to long closer to the 50MA for the best possible Risk/Reward