WMT trade ideas
WMT can be in focus againDuring the fear from 2. wave of the virus, WMT can be in focus again. Technically the price approached important levels. After a longer consolidation WMT is now at the 200 daily SMA, a strong confluence zone and at the bottom of the long-term long channel. Fibo 61.8 and MACD divergence is also supporting the course. Indicators can trigger buy signal soon. Lets see, the R/R is good as well. Good luck.
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.)
WMT - A Beautiful Chart, Recession Proof CompanyWhile others will publish just about anything to keep their click count and reputation up while first BEGGING you to LIKE their post PRIOR to even READING it, I ask you to first read my idea and THEN decide whether to contact me with questions or like my post. I'm here to help you find opportunities for trades and investments - not to beg you to raise my reputation. Now to the idea:
$WMT weekly chart - it's a beautiful thing. Walmart is as close to a recession proof company that you can find. Pharmacy, clothing, grocery, home improvement, toys, sporting goods, they have it all. They report next month and they will absolutely knock it out of the park. I can see this easily going to $150 and beyond. It's a core holding in my portfolio.
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