WMT trade ideas
WMT Bullish PT $138This is not a recommendation to buy or sell.
Based on the chart I had from last week, WMT is following my prediction so far.
Nice dip today to filter through any weak hands and opportunistic. Based on the volume pick-up going into EOD, I'm seeing bullish signs towards the next fib level with a price target of$138.
Like and comment if you agree.
$WMT with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $WMT following a negative over reaction after its earnings release placing the stock in drift C
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WMT FLAG BREAKOUT CONTINUATION ON WATCHLONG OVER 134.5, FIRST TARGET 137 (ABOUT THE DISTANCE OF THE FLAGPOLE).
4HR CHART 200 EMA AROUND 140
$WMT BULLISHwith the stimmys being rolled out, us ignorant American citizens will go and buy things we really don't need to impress people we really don't care for. W that said the entire retail sector should be green, the catalyst is the stimulus checks, and the sentiment is bullish. I personally see $WMT going past the 200 ema tomorrow so at least +2%, 5% til the gap.
Buy $WMT - NRPicks 14 MarWalmart Inc. participates in retail and wholesale operations in various formats around the world. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club.
The retailer's growth strategy so far has led to its US sales growing about 8.6% in the past year, according to its fourth-quarter earnings report last month. Net sales increased 29B million in the year.
Walmart's main growth strategy is building its online marketplace and e-commerce banking, while expanding other businesses, including its advertising, finance and healthcare businesses. His most recent investment was a $ 2.2B capital injection together with Tencent in Rakuten.
- P / S 0.67
- Sales 559B
- ROE 23.90%
Technical:
Support at $ 127
Price settled on MA50
Low RSI Oversold Levels
Green light on WMT: fibo and trend linesWallMart can be a good candidate for a long position. I suppose it will touch again 131.30$ before shooting up to 139.50$.
On the next trading day (Monday the 15th of March), I will try to buy some stocks @131.30$: Stochastic RSI is in overbought area and RSI is ha three falling highs. My target is 139.50$ in profit and 126.20$ in loss.
The expected Win/Loss ratio of this trade is 1.60.
WMT Covered Call (Adding a second position)I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.
Break even for the trade is currently $126.46 and max profit in relation to entry of $130.82
WMT buy LEAPSHistorically strong, household name stock that will not go anywhere. Can be trusted to continue uptrend for long term, defined pattern in play suggests 165 at minimum (180 likely) by jan 2023. Low beta stock so it is ideal for LEAPS
WMT Good BuyBullish, possible closing ascending triangle (next fib line 190USD).
Tested fib line, likely retest with a month. Currently 132USD, retest is at 150 (my take profit zone).
WMT PT $138 by 3/15This is not a recommendation to buy or sell. Please do your own DD, this is an idea of what I think is going to happen.
WMT MACD on the daily just crossed the signal line. Volume has been increasing the past 2 weeks.
1 week Price Target = $138
2 week Price Target = $140+
Like and comment if you like this idea!
WALMART #WMT - Upside potential in bearish trendNYSE:WMT
- With the recent sell-off #WMT reached a strong area of support at USD 129
- From Dec-20 #WMT is in bearish trend however is now quite overextended to the downside and distant from the trend line
- MACD, below 0 therefore indicating bearish momentum, is reversing upward
- RSI left the oversold territory
Entry price $ 129.34
1st TP $ 134.19
2nd TP $ 140.00
SL $ 124.50
Small Bullish CorrectionI have taken a small bullish position for the move upwards with very tight stops.
Still not convinced of a full recovery. Still anticipating another move downwards.
WMT long position openWMT is a market leader and the trend is up. The US is soon opening up again, plus the americans just got 1.9 trillion USD.
Technical
- RSI oversold + rebound
- Trend line
- Fib retracement to the famouse 50% level
Why not?
NEW BUY ZONE ? LETS WAITno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
WMT - A way to see what the market may do.... looks like the 149 high was a large W5 high, and now a correction is underway. Looks like it should bounce back up to about 140 to 145, and then head down to about 115 (assuming it goes back down at 140.90.) From there, I believe a new wave 1 up will start.
Sooooo, I translate this to be that the market will likely bounce this week to resistance areas (3870 to 3900 on ES) and then take another leg down
WMT BullishHey guys! I'm thinking I'm bullish on $WMT for several reasons. but I'll be watching the stock over the coming days depending on overall market sentiment & how SPY ends up moving. $WMT as of right now, is in a downwards sloping price channel after that period of consolidation from about mid November up until February, but it's showing signs that this pullback may be over and it could take a move upwards. First, we have a bounce/touch of the long term support line. We also have a bullish engulfing with rising volume at support. The RSI is at oversold levels, and is starting to cross above the 30 level, & the MACD looks like it's starting to turn back up and may make a bullish cross.
Pair all of this with the fact that Walmart is fundamentally a good company with increasing revenues and assets year after year, news that they plan on boosting their e-commerce footprint, had a good recent earnings report, & that they're currently undervalued, I think Walmart is going to make a strong move upwards over the next couple of months.
I'm gonna be watching this stock over the next few days/week to look for a better entry (if a candle can close above the 8 MA specifically) as I think it could potentially take a little more of a dip to the $125 level, and then $122 since the market has been correcting over the past week or so, but if the chart follows this momentum off the bullish engulfing at support, I think the correction/pullback in $WMT could be over, and I'll be looking to go long. Hope everyone enjoyed this analysis!
