WMT trade ideas
Walmart WMT Trade setup for 31-August-2022 Walmart(WMT) is in a no trade zone. We need to wait for the stock to show us some direction.
The trend based on the last 2 months shows upside, but the way the stock has fallen into the support area(130-133) doesnt look good.
If the stock moves above 133, we can go long with a price target of 143 and a stop loss of 130.
If the stock moves lower than 130, we can go short witht h price target of 124 and a stop at 133.
WMT Gap Fill Soon?WMT gapped up after earnings and continued momentum after a couple of other retail earnings beats. It has created quite the gap volume gap below and I think we fill it rather soon. Acting weak relative to the market the past couple days. Volume seems to be dying as uncertainty lingers. WMT in the recent past hasn't reacted bullishly after earnings.
WMT: Post ER Gap FillWMT: Post ER Gap Fill and is leading the market >6% to start the morning session. Price action has developed over KL of 200sma. Intraday opportunities exist as well with the high RVOL for current trading session & relative strength vs indices. On watch for other retail ER that can affect sentiment. Bias: Bullish // ATR: 2.77, Beta: 0.53, IV: 23.62%//
WMT bigger pictureLooks like a typical cup and handle right now. The EA was good, even with this high inflation. If we consider this was really the peak of inflation, the consume will recover then if not we could see another down turn for the retail sector. But even though with high inflation WMT positioned itself in a very good state.
(For example, reducing supplier costs to keep the products as cheap as possible, also they develope the own internet platfomr even more.)
I see a possibility to see the $150+ level again
WMT UpdateProfit warning and now it's higher than where it was before the warning, lol.
I think it's repeating the highlighted pattern, holding puts until EOD Thu, if it doesn't go down by then I'm gonna give up.
Kinda depends on what DJI does since it's a component, but seems a bit strange that DJI and XRT (retail) are down, yet this crap is still green.
WMT Walmart LONG Swing TradeWMT beat earnings by 10% and has been upgraded for targets as a result.
The chart shows heavy relative volume ( 4X the running average) reacting to the earnings.
WMT has a 10% upside to the resistance of sell order blocks above.
WMT is now set up for a long swing trade with either the stock or call options at
an expiration a bit before the next earnings.
Walmart WMT Beats Earnings - Walmart beats on earnings estimates.
- Technically: price gapped up to begin to close the gap that was create with the profit miss on Earnings in May (Gap started at $147)
- Analysts price targets sit around $145 (median).
- Price got to a high of $140 today.
- From what many are calling a potential bottom for WMT, the stock is up 19%~
WMT - Walmart - Would you short this?Here's some detail on my short idea on Walmart. I'm giving you plenty of time to plan for this. We've seen a clear impulse on this little guy but I expect that things have stopped in late 2020 as we've been moving sideways for about 18+ months. I expect this to continue for about 2 more months. The closer we get to 21 months (if you've been following me, you know the significance of that number), the better off we are for a top here.
Now, to the technicals. I have a few different measurements here:
1. Measuring the wave 5 top (around Nov-Dec 2020) to the wave (a) buttom (around Mar 2021), we see an expanded target around $161 to $165
2. Trend based fib extension measuring from the wave (a) bottom (Mar 2021) to the wave c top around August 2021 and the pullback to around Mar 2022 gets us a 100% extension target around $159 and a 123.6% target around $167. Both of these are corrective targets based on the current structure.
3. The measurement noted in point 1 above gives us an expanded flat target around $120.
Timeframe for hitting a major top on WMT will be mid to late June and I will be looking at LEAP style short positions around that timeframe. Set a calendar reminder to come back here in 2 months and we'll see where we are.
I could be way off with this, but I'm going to be bearish on WMT for at least a year after this expanded target gets hit.
WMT-SELL strategyThe guidance had come out and we traded below 119.00 coming from 132.00. This was a gap down, and the three day rule, plus we are already NEW MOON phase, suggest likely a move to test 117.00 support line.
Strategy is SELL current 121.50-122.00 and take profit near 117.00. Re sell if confirmed broken below 117 as we would be going enroute 103.00-105.00.