triple bottom? oversold on daily.potential triple bottom forming. looks to be bottomed out with buyers back in this range.
a retrace to 100% fib level would be ideal. watching closely for a clearer picture.
WMT trade ideas
$WMT breaking out of Channel after Channel after ChannelIMO this is a great spot for an entry to this mosnter.
SL 137
PT 165
WMT, will it go back to it's all time high?WMT, will it go back to it's all time high?
Earnings were fine, oversold at current level, but holding up pretty well.
Walmart setting up for a nice daily buy Hi there fellow traders,
We would like to share this setup, which we are kepping a eye on.
Walmart is setting up for a nice clean buy on the daily.
Take your advantage with it.
WMT - The Time for a Move is NearWMT - with lockdowns and the holiday season upon us, WMT is positioned VERY WELL to accelerate their online presence and competition with amazon and others. I'm already in, and watching these channels and trend lines for the next impulse. Enjoy!
Please feel free to check out my other ideas, I really want to help people understand the market the way that I do.
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$WMT | Walmart: Falling Wedge and Rounded Bottom at Volume POCTextbook Falling Wedge pattern completion at volume point of control. Watch for a breakout.
Targets on chart. Good luck!
WMT - Descending Wedge Reversal PlayIf anyone likes playing WMT, this seems like a good play for monthlies. Forming a descending wedge into the March trend line dynamic support. Reclaimed 9 EMA on the 4H chart and starting to curl up. Trigger to enter is 146.91, as it's the line that has been long-wick rejected two times in the past few days. Breaking this level would also indicate a trend-reversal breakout from the current downtrend.
This is moreso a bottom reversal play, rather than my usual momentum/breakout play, so be sure to get far-dated contracts, and position accordingly.
Good risk to reward ratio to buy Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy.
with more covid-cases I can see their online sales getting another boost.
So what do you think? is it a good set up for entry ?
Target: 160s by Feb 2021Nice bounce coming in for NYSE:WMT at the 50 day moving average.
Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings.
I consider WMT to be a good long-term hold as well to keep the portfolio diversified.
I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
WMT longClose to long term trend plus Fibonacci golden zone. Expecting a bounce soon. Target would be 150-152 with stop loss under trend line.
$WMT This is a bit tricky, it can be both bullish and bearish. If the (POI)1 holds then it can act as a demand zone and move the price up but (POI)1 has already been tested so it might break. If it breaks then our nxt target would be (POI)2 and can act as a demand zone. To be clear i want to open a long position because the overall trend is upward. You dont wanna trade against the trend.
The chart is self explanatory but if you have anymore question then message me.
Trade Safe.
WMTWalmart forming a Bull Pennant pattern. Same as TSLA before the recent breakout. It could just as easily break below the pennant which would be a bearish sign. Breakout 153.29
Watching for this bullish continuation.
$WMT #WMT looks like a good SwingWalmart is bouncing off the 50 MA, if it holds, this be a good entry for debit spread. 147-153 call debit spread be a good play on this idea. Follow my free trades on our fb group www.facebook.com
WMT Possible Upward MoveHello traders !
As you can see,price is rising in a bullish trendline channel. From a technical view I would recommend to wait for a price to retrace to our 0.50 fibonacci level,which nicely fits with a support level and trendline. As we can see,last time when price did the same move,it has shooted up. From a fundamental perspective,when WMT announced a free shipping,is bullish scenario also possible.
Thank you for reading !
$WMT can start adding here if you are not already in itLooks like a good point to start the position or add more here at this level.
Adding colors to Accumn/Dist helps avoid losses [$STUDY]TradingView has a good mobile app which displays all the colors I want for indicators. This is an example of how I add colors to the Accum/Dist indicator to understand the flow of volume.
WALMART BUY LOW SELL HIGHS WALMART BUY LOW SELL HIGHS
THIS IS PENDING TRADE AND WILL ONLY BE VALIDATED IF WE HIT TP BEFORE OUR OUR ORDER
