WMT long setup for earningsWith earnings coming up November 17th and suspected earnings run up I will be taking a short leap call soon. Looing for a good entry but with election and head lines just trying to be cautious. Wouldn't be the least bit surprised if WMT sets ATH in the next few weeks. Currently siting right at the pivot point and .5 retracement.
WMT trade ideas
Our Stock of the Day / WMTToday we have a Long setup to share. Here you will have a full explanation of it
a) The price is above the ascending trendline
b) Currently we have a corrective structure supported on the ascending trendline. We can see a clear compression.
c) Based on those items we will take a long setup with all the parameters as you can see on the chart
d) Our Break-even level will be the first Fibonacci extension
e) We will risk 1% of our Capital on this setup
f) We will cancel the setup if the price goes below the structure
g) Remember: Trade safe, protect your capital, and always understand what you are doing
WMT Strategy I see WMT dropping tomorrow to point (D) but rising to point (E) after the stimulus deal, if there is one. I think there will be a deal and this will be a catalyst for WMT to moon shoot to an all time high. What is my strategy? I bought 30 puts today and plan on selling during tomorrows low, after I sell at the low point I am going to buy calls for $150 a month out. Stay tuned for trade activity and feel free to comment your thoughts.
WMT | 5MIN | Premarket ORB - Open Range Breakout TutorialHere's a video on drawing Premarket ORB levels and 15min ORB levels to help you create your highs and lows of the day. Essentially, you are creating boundaries for your trade set up. Manage your trade just as you manage your risk.
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WMT To $150 By End Of OctoberDespite the chop, which there will be plenty. WMT should hit $150 a share by the end of October. Trend line shows our range while the arrows represent the chop. For you pure technicals a stimulus deal could effect the timing based on a deal or no deal. If there is no deal, I do not see WMT hitting $150 until mid November. Outside factors do affect the market.
WMT Forecast Will Walmart hit $150 a share by the end of the month? In order for WMT to hit $150 by the next 10 trading days is for the bulls to take control of the price. Here are some signals that the bulls are getting ready to run hard. First we can see on the hourly candlestick chart that the green shadow under the latest bear candles is growing. This means bull buying power is increasing.
WMT has also fallen greatly below the moving average and should correct itself in the next coming days. Moving Average Convergence Divergence shows that the bears are at peak strength giving hope that they will loose steam in the upcoming days allowing for the bulls to take control. Bollinger Bands are also nearing a low in which a buy signal will be given. ( I will post a new chart when that happens) Finally the RSI on the 1 hour chart is 34.79 nearing underbought territory. When investors see that this company is underbought they will begin accumulating shares to rake in a nice profit.
Fundamental Analysis: We are still waiting on a stimulus deal and a deal or no deal could bring WMT to a lower low or create the start of a new bull run that will go right into earnings. Technical analysis is great, but outside factors do have an impact on stock price as well.
I am personally an WMT bull and have 6 long calls for it to hit $150 by 12/18/2020, I am currently down 25% on my position. Will give it a week pending stimulus deal and finding that strong buy signal from the Bollinger Bands.
What are your thoughts on WMT for the end of the month? Please fell free to comment your thoughts below.
Iron Tarihi guys!
This iron condor is 4weeks strike 7%, 74% probability to gain the max profit. We need a rew/risk = 100-74/74=0.35
Actual RR is not so good, just 0.45, that is'n so that bad, we can trade this because we have an edge, but since I already placed other 5 iron condors only today I prefer to place a pending order @0.52.
enjoy youra wallet!
Tari.
$WMT UpdateThe retail sector remains strong and $WMT is still my top pick. It's approaching a trend line on the 4H chart with strong signs of bull continuation into next week. Still in my original position and looking to add more on a confirmation bounce off of the trend line. Also increased the stop loss.
Price Trajectory for WMTWhere do you see WMT (a),(b), or (c). Or do you see something completely different? This prediction is open to new thoughts and opinions.
Knowing the profits, I know if it will be worth it to sell early in the short term and then swing trade to accumulate more options and therefore make even more money. I see WMT hitting an all time high in the near future.
Check out my included technical indicators to help you form your opinions, I have included Bollinger Bands, RSI, MACD, MA, and Divergence.