WMTD trade ideas
Wmt dec pt 160broke out of my bull pendant perfectly. looking to see how this one plays out with a pt of 160
WMT - Possible long opportunity if price action confirmPossible long opportunity if price action confirm
Walmart looks strongSo, the trend is long. The opportunity is given for a new high top, somewhere over 160 USD.
But if the price starts drop down, you can buy near 130-140 USD.
If you like my analysis, follow me:)
IRON TARIHi guys,
according to my strategy we have 4weeks 12% strikes, 90% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 40$ and a max loss 460$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 90% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 460$.
If you are more experienced you'd love to jump in this trade as I do, Strangle, no long legs, for a max credit of 80$.
Enjoy your wallet!
Tari.
WMT Cup and HandleThere is a cup and handle on the weekly along with growing revenue and earnings. Might be a little late to the party, but at least there is confirmation now.
May go down to the middle of Bollinger Bands before bouncing.May go down to the middle of Bollinger Bands before bouncing for a longer-term bullish trend that started when it announced Walmart+
WMT Patient Play- Bullish on 618fib > 786fib. WMT
Today's Date: 11/18/20 3:30pm
TLDR: Wait to 0.618 fib/$135.25, hold to 0.786 fib/145.50$.
Channel doesn't seem to be holding as WMT can't break above 150$. 0.786 fib has been recent resistance and 0.618 fib a repetitive support. Play the fibs over the channel. This one will take patience, may not be a play until December as WMT doesn't move too fast.
$WMT with a bullish outlook after earningsAfter a negative over reaction following $WMT earnings, the PEAD projected a bullish outlook placing the stock in Drift C
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WMT To Break Through SupportWMT is set to break through support as shown on the Kurutoga cloud, once broken through Walmart will continue the bear trend. I plan to put $1k into this and go for a 1 month put. $140 by 12/4 this is possibly one of 5 positions I will be making tomorrow.
Hit a top, get ready for a short entryEarnings came out, lots of positive news on the e-comm side of things but WMT didn't take off on the upside.
From what I see, this is not a good sign plus the stock price needs to take some healthy profit taking.
Taking on a short position using Dec 18 Puts
WMT price movement day after earningsHot Potato Trader here, what is up fellow trader!
Earnings range based on historical data and option priced move.
WMT is going to report earnings on November 17, 2020 before market open on TUESDAY .
The options market overestimated WMT stocks earnings move 67 % of the time in the last # 12 quarters.
Key Points :
- A single earnings report can bring volatility , volume , and interest to an asset.
- Options market overestimated WMT stocks earnings move 67% of the time in the last 12 quarters.
KEY LEVELS :
Previous day close price: S152.44
VWAP: 152.21
Expected Move: 4.1% ($6.25)
This Move: 2.3% ($3.50)
Expected Move: $6.25
low: $146.19
high: $158.46
This Move: $3.50
low: $148.70
high: $155.71
WMT is expected to stay within price range $146.19 and $158.46 with a confidence level of 6.7 /10
Note: A potential catalyst such as recent news could take WMT outside the range.
In this event, the catalyst would be considered significant. And identified as an outlier will be identified as bullish or bearish .
A 4.6% move on earnings will be considered.
The stock has averaged a 2.0% move in recent quarters.
Thanks for reviewing my idea and constructive criticism is welcome.
A clear pattern: Walmart earnings call warns short.After every Walmart earnings call from the past 5 years has a decline of on average $5 that occurs within a week after earnings call. My method is as follows: A day before I bought a put option on Walmart which expires in 12 days. I will hold this put option for a maximum of one week and wait until WMT stock falls to about $145-$148 per share.
$WMT looks bullishLooks extremely bullish - definitely watching this stock. Will buy at pullback @ $147 near the Blue line (Tenkan Sen)
(1) Price above Kumo
(2) Future Kumo bullish
(3) Senkou span A & B with positive slope
(4) Both Tenkan Sen & Kijun Sen have +ve slopes
(5) Chikou Span above the price & free to go up
(6) ADX > 25
Walmart setting up for ATHBeen somewhat lazy the last few weeks and its reflected in my trading with missing some good setups.
Catalyst would be earnings report on Tuesday, its expected that WMT beats however I would expect a slight pull back after, some consolidation before a move a bit higher, again.
151.33 currently is the ATH, I am expecting that to break Monday as we see some continuation running into earnings. I would not play earnings as nearly everything regardless of outcome has dropped off after.
139.68 Is going to be your first retracement level based on the March lows.
145 area is where I will be looking for a pull back and hopefully find support. If support and consolidation is found here I will most likely take a 2-4 week call option in the 155 strike price range.
138 area I believe this is an area of concern as well and a decent area to expect it to drop if we dont hold the 145 zone.
Most likely a scalp on Monday with a fairly tight trailing stop
After earnings sit on hands and see which direction we go. If we can pull back watch the areas mentioned, remember shopping season is coming and a rotation into consumer retail is to be expected......... However we do have Covid and the media is hyping it up again.
Last week the rotation out of tech was strong, stay at home stocks fell despite the hype of covid and travel stocks gained. Market is not following any logic in my opinion.
Info below from Barchart
14 Day RSI at 80% 162.69
154.22 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 153.08
14 Day RSI at 70% 152.06
Pivot Point 1st Resistance Point 151.81
13-Week High 151.33
52-Week High 151.33
High 150.93 High
1-Month High 150.93
Last 150.54 Last
149.66 Pivot Point
149.34 14 Day %k Stochastic Stalls
Pivot Point 1st Support Point 148.40
Previous Close 148.23 Previous Close
148.22 14-3 Day Raw Stochastic at 80%
Low 147.52 Low
146.87 14-3 Day Raw Stochastic at 70%
146.54 14 Day %d Stochastic Stalls
Pivot Point 2nd Support Point 146.25
145.88 Price Crosses 9 Day Moving Average
145.75 38.2% Retracement From 4 Week High
144.40 Price Crosses 9 Day Moving Average Stalls
144.15 50% Retracement From 4 Week High/Low
144.15 14-3 Day Raw Stochastic at 50%
143.61 Price Crosses 18 Day Moving Average
143.56 14 Day RSI at 50%
143.06 38.2% Retracement From 13 Week High
142.78 Price Crosses 18 Day Moving Average Stalls
142.55 38.2% Retracement From 4 Week Low
142.30 Price Crosses 40 Day Moving Average
141.44 14-3 Day Raw Stochastic at 30%
140.50 50% Retracement From 13 Week High/Low
140.08 14-3 Day Raw Stochastic at 20%
138.24 3-10-16 Day MACD Moving Average Stalls
137.94 38.2% Retracement From 13 Week Low
1-Month Low 137.37
