WMT trade ideas
Opportunity to buy into WMTThis is a personal publication that I am posting public for those who are following me and watching my account grow.
There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point.
Since we are in a bull market, we should expect Walmart to rise the remainder of the year.
Why do I think there will be a small drop in the short term?
High RSI: 65
Bollinger bands about to cross at a high point indicating a sell signal.
Growing bearish strength on the divergence indicator.
MACD: Showing weakening bullish divergence
Candles are also moving down closer to the Moving Average
As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money.
Stay Tuned for updates!
Headed up to finish wave 5?### Beginner Chart ### This is not financial advice.
If the count is right then we'll see 155 hopefully by earnings
WMTTrading nicely with in the channel since April 29th small gap down. With up coming earnings season, expecting for a continued upward movement with in the channel. 140-135 range should act as good support
id wait for 133-134still in consolidation faze but the breakouts coming! or is it? we must wait for the breakout! no chasing ;) leave a like if you find this useful <3
Cup and handle Taking a gamble to long Walmart. Chart showing positive upside with spaces to fill on the upside
WMT moon shotBig Cup n Handle the last month, lets see how we do here. really i just wanted to draw a moon haha :P
WMT looking for a LONGPrice seems to be respecting the 50MA in this healthy looking uptrend. Im waiting here but will be looking to long closer to the 50MA for the best possible Risk/Reward
Elliot Wave Theory Idea for $WMT Tony's Stock Pick s
I have recently started to analyze stocks and found this idea interesting.
It looks like we could be entering wave 5 on blue line to continue the Elliot wave theory within wave 3 of red line. Potential to see $148-152.
Curious to hear thoughts and comments. Thanks.
*Holding WMT $140 12/18 stikes*
Walmart (WMT) rounding out bottom on 65 min time frameLook to buy near the low range of the rounding formation that I drew. Also, there is horizontal support at $135 and horizontal resistance near $139. If it breaks out, it can make new highs again.
WMT Sideways for a whileLooks like wmt will bounce off the 133-134 area and then move toward 165 by end of year. I have long calls in WMT and also debit spreads.
www.spymoneyllc.com
Walmart Path and directionHello everyone
Walmart started a uptrend in march
so far uptrend intact
watch key levels in notes at the chart
for any question feel free to ask :)
WMT Walmart looks like it is bottoming out. A trend continuation may be coming soon as Walmart looks to be bottoming out. A few more days of this rounding out formation and it should be good for a long. Also note the low volume pull back (not a lot of selling pressure).
I am not long WMT yet, just observing. Looking for an entry in mid $135 range. Support at $135 so stop loss would be around 134 to give it wiggle room. Minimum target would be near its short-term resistance right now around 138.80-140. However, a break out could send it back to new highs. The fundamentals also support a move higher.
- Andre, StockBros Research
