WMT trade ideas
$WMT Walmart Weekly Close Vital
On hot Alert, for a major breakout.
It would be great to get a new ATH weekly candle close to set up
a potential breakout for next week.
Alert set for $134. for possible trade to $140 short term.
Indicators are bullish, but the long established trend-line must be kept in mind
as resistance.
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Walmart Buy Walmart using three Trend lines yellow, green and red trend lines . Buy at 132.42 price near the green line .Target of 140 around 5% - Yellow line. Stop Loss is the red line around 1.79% @ If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.74 % there is an upside of 5%
WMT - Likely Breakout to new ATHWMT has seen some serious bullish price action sparked by their recent announcement o a subscription service that puts them in somewhat direct competition with AMZN. This appears to have started a whole new wave of impulsive price action. It faced rejection today after reaching the previous all-time-high and barely breaking past it.
Price Point of Invalidation: $128-127 zone
Price target: $137.50
Now that is some nice break-out!Well, I was not expecting this.
We are watching the perfect break-out right now.
High volume and a huge green candle.
I will be long on this one if it cools a bit off and retests the support level ( 121).
It got overbought very quickly on multiple timeframes, so be careful tho.
First bigger price target: 126,39
Support level: 121.06
WMT can be in focus againDuring the fear from 2. wave of the virus, WMT can be in focus again. Technically the price approached important levels. After a longer consolidation WMT is now at the 200 daily SMA, a strong confluence zone and at the bottom of the long-term long channel. Fibo 61.8 and MACD divergence is also supporting the course. Indicators can trigger buy signal soon. Lets see, the R/R is good as well. Good luck.