Walmart
Walmart is expected to make big move post earnings $WMT BullishThis is a very easy long. Walmart ($WMT) like Dominoes ($DPZ) did not experience any major dump when the markets crashed and it was one of the first to rally. $WMT was sold off and money flowed out of $WMT into stocks that were crushed in May and June, $WMT consequently dropped below $120. It snapped back above $120 on the announcement of Walmart plus and retested above $130 and FOMO buying came aboard. After a bit of correction, it is expected to break out of its previous top and make new highs on strong earnings. There was no post dividend dump. $140 is an easily reachable target post earnings.
STMX. Fundamentals and Growth. STMXBTC 4H. Making Gains. Expecting 30Sats to becomes support soon, also looks like a cup and handle pattern, broke to the upside but lost momentum. I'm thinking it might try again..
Fundamental: I was perusing Yahoo finance and read a press release about StormX being the only Crypto based rewards scheme working with Walmart.
Walmart Buy Walmart using three Trend lines yellow, green and red trend lines . Buy at 132.42 price near the green line .Target of 140 around 5% - Yellow line. Stop Loss is the red line around 1.79% @ If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.74 % there is an upside of 5%
WMT 130 Update $WMT closed green. Price is at 127.75. Price target is 130. Might see that tomorrow but who knows. WMT is launching WMT plus and announced WMT clinics for cheaper healthcare. WMT is going to be insane. Again, will monitor in the morning. It is 128 after hours. If it hits 130 and holds, its going to 140 but if not then I am watching the flag fill. A bull flag is slight downtrend after a rally. Indicating the price will go higher. WMT long term is a good stock if you want to get in. To those that got in I hope you made tendies. Could also argue a double bottom but not completely accurate lol
WMT 130 EOW$WMT!!!!!!!!!!!!!! Wow, I am so happy with this play. Glad I was able to call it out as well as others in the discord. WMT just announced their WMT + which will compete with Amazon. Cheaper and has the potential to fight Amazon. Volume is incredible. Price target right now is 130. My call expires on the 17th so I have some time. Weekly calls for the 10th could be played as day trades. Should see some pull back Friday. Also have a long term WMT call that should print.
WMTWalmart (WMT) had a massive day today on news that they would be releasing Walmart Plus as a competitor to Amazon Prime. This created a significant breakout upwards of almost $10. After-hours trading saw a continuation of the uptrend. If the market holds steady, this may look for a potential gap fill towards the $132 resistance area. Additionally, today's surge creates potential for a gap fill down that may be seen in later weeks. (NOT SHOWN: RSI is sitting at 67 after the day's trading.)
Trying out RubberBand Algo with WMTThis week I am going bullish on Walmart. I usually don’t trade stocks this expensive but my algo picked it up. Current price trading below lower bollinger and EMA. This is my first trial blindly trusting my algo which is simply coded to mirror Matthew Kratter´s rubberband strategy. However, I decided to also toss in the EMA to shorten my holding period to a maximum of 3 or 5 days.
Current price is 117.74
Entering my position at 118.72
Exit target is 125
Only bought 20 shares, unfortunately my portfolio size isn’t as big as I want, but if I manage to make this algo work you can come back when I am 30 years old and ask me how my portfolio is performing haha
Here are a few questions for the experienced traders out there;
1) What’s your weekly return on average? I am trying to work on a bot that can give me a 1% weekly return and I would like to know if this is a realistic goal
2) If you’re trading in Canada, what broker to you use? I am using Questrade, which charges me a flat fee of 5 CAD per trade but I am wondering if there’s anything cheaper (or better per say)
Please leave a comment or any thoughts that might be useful. The reason why I like TradingView so much is because it has allowed me to connect with actual experienced traders and knowledge is power after all.