WMT trade ideas
WMT Ascending Triangle tradeMassive ascending triangle forming. You don't want to miss out on this one
I would wait for a few more days to see if it is following the pattern. If it stays in the pattern until mid-late January, it will breakout hard to at least $150 if not even higher.
Just keep watching the chart. Don't act on emotions, don't act recklessly, don't be rash. I am personally going to buy calls if the pattern holds until Jan 20.
This is not financial advice, I am not an investment advisor, these are just patterns I see.
$WMT - Inverse Head & Shoulder Potential right shoulder forming Looking like inverse head and shoulder is forming. Right shoulder is yet to be completed.
If the price break above neck line price of $146, we could get to $158!
Target 1 - $158
Target 2 - $176
Neck line - $146
Risk - Falls below $139 and failure to break above $146
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
RectangleWMT appears to have formed 2 bottoms and the bottom of the rectangle, and close to a third bottom at that level. For now the bulls have made a stand here.
WMT is meeting resistance right now. If the support of the bottom trendline holds in the rectangle, then WMT should at least make a run to the upside.
Rectangles are horizontal trading channels and are neutral. Some do swing trade inside of the rectangle boundaries but rectangles do eventually break one way or the other eventually.
Possible stop under the bottom trendline of the rectangle.
WMT has had 5 touches so far.
No recommendation.
Walmart stock, Long !Hello traders, welcome back.
I think Walmart is in demand zone, last daily candle kinda proved that we are going to go back up.
My setup would be :
Entry price : 138.57
Stop loss : 133.80 ( At least )
Take profits :
- 1 : 151$
- 2 : hold if it broke the ATH resistance zone
* This is not a financial advice *
Good luck
$WMT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $WMT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
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