WMT trade ideas
Bullish PennantWalmart started a down-trend after Apr 17, which was also a healthy correction after a big run-up.
I am bullish on this one, the reason for it:
> Chart paints a beautiful bullish pennant
>Earning beat will cause another run-up to higher levels. (which is very likely)
>WMT proved to be a recession-proof stock, so if another downturn occurs, it will probably rise again.
My suggestion:
>Limit buy at 123.37 and at a lower level: 122.30
>Stop Loss: 120.61
>Take Profit: 133.3
WMTToo far too fast for WMT? Tried to break out of the channel dating back to July 2012 but failed. 3 bar play on weekly triggers below $120.78. Targets below that could get hit this year if it plays out.
Wallmart, The end of quarantine and tability for 2020 !As quarantine will be closed step by step Walmart will stabilized in 121.29-114.17 range during 2020, T1 trendline is the most important support.
WMT - Walmart - keep the eyes on this Big move incoming here for Walmart
the patter is completed. It looks like we have a massive H&S.
The earnings can be a game changer on this stock. The date is approaching to report earnings and although people are buying more the operational costs have also increased which means the earnings might not be as positive as some people expect.
If we see bearish movement increasing we can possible break the H&S and have a really good margin for profit shorting this.
WMT slow rise to earningsHere's a lot more info technically that can help.
Le me know if you think it's going to drop. I think we're at a pivot and will start to rise from here
WMT Following the linesEarnings should be good. They never close.
This is confirming my last report.
WMT SLOW PICK UP TO NORMALCheck out my previous post on Walmart. Proving true.
Based on the trend (green dotted lines) we're in the normal range of where Walmart should be right now.
Earnings is coming up and should continue to rise into it.
Recently announced 2 hr delivery service (definitely will boost the company)
This analysis is trying to ignore the major volatility.
WMT L (MAKE SURE U LOOK 2 C IF ANY CHANGES HAPPENED OVER THE WE)I TRADED WMT USING VERTICAL CALLS, REGULAR CALL OPTIONS & I PLACED AN "ITM" CALL OPTION AT 3:30 PM TODAY FRIDAY AND WHEN THE TRADING SESSION WAS OVER I WAS UP $67 WITH ONLY 1 CONTRACT. WALMART, ALTHOUGH A RETAIL STORE IS DOING EVERYTHING POSSIBLE TO MIRROR AMZN - THE ONE MAJOR DIFFERENCE WALMART IS CHEAPER. 98% OF THE STOCKS WERE DOWN TODAY INCLUDING FANG AND MS STOCKS, WALMART WAS UP!
Bounce from Channel SupportCould see a bounce from this channel support level.
Oversold on Stochastic. The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines).
Still has strong fundamentals for the time being, going into earnings in a couple weeks.
Stop at $120, Target Profit at $132 means Risk/Reward of 1:3
Thoughts?
