WMT trade ideas
good dip entry here, but be careful if support breaks.potential dip entry, trying to bounce off simple moving average and big trendline support. entry 145 stop loss 141 target 153, decent risk reward.. this one moves too slow for me and doesnt hold gains at all though, so im not touching it for now. goodluck to longs though :)
WMT Long Income Walmart had a great day today despite the selling on the first day of trading for 2021. Hidden Bullish Divergence mapped out using the trend lines on price action and the RSI. Almost have a golden cross on the MACD daily time frame. Also, trading above the 200 SMA on daily and weekly time frame. I don’t see why you would not take a position here.
WMT1/3/21 - 1D Time Frame
** price broke 50ema and was rejected once but 142.23 support seems to hold.
1. Price currently trading at bottom channel, and channel seems to hold.
2. MACD - histogram bearish momentum losing strength and lines about to kiss
3. stochastics at the 40 area with more room to go.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
WMT $155 (15 Jan 21) CallNYSE:WMT Long Call
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ABC BullishWMT fell from a rising and narrowing wedge pattern and appears to be trying to go recover..
The target is D so it is ultimately an ABCD pattern, just D is not there yet and can't always take it for granted (o:
Targets are calculated using the length of the AB leg and fib levels.
Somewhere under C is often a good place to put a stop.
Long entry is when price breaks the BC leg in an uptrend and this can be subjective. I picked a price over possible resistance but you may see something different than I do.
NV and OBV are both high so there is interest.
WMT seems to be chugging along from one abc pattern to the next.
WMT has tested level C which often occurs.
Patterns do fail and nothing is for sure so be safe.
Stops can be important, so tuck it away where MR Market does not steal it from you (o:
Not a recommendation
$WMT Walmart UpdatePrice has been moving according to our previous analysis. The price is bouncing off our (POI) and the potential target is $150 for now, but it can go beyond that price. Also, $IPOC has a merger with CLOVER on Jan 7th which has deals with walmart which can also help it run.
Trade Safe.
WMT.. potential for the upsideWMT is on a 3rd touch on an uptrend channel's support as shown in the chart. there is also a nice hidden bullish divergence which indicates trend continuation.
Let me know what you think :)
Note:
This is not a signal, this just an idea of what I see. I appreciate you leaving a like .
Please trade at your own risk using your own analysis.