WMT trade ideas
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?
Potential strikes at WMT create opportunities for CALLSJust a prediction but last time there was a strike it still didn't affect sales (Black Friday Strike). They recorded record sales.
Earnings in the middle of the month to hit the $125 -$130 range or more but will most likely fall again 1-2 days after earnings.
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly
last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green
but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range
also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle
it seems like we are headed in that route especially after Walmart's huge sell off recently
i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times
there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
Walmart Bull trap.POTENTIAL BULL TRAP ALERT!
False Breakout in WMT in progress. Long term target 70$/per share. Define your risk accordingly.
Walmart Gap - Miercoles 29-04-2020Una opción a corto plazo, para tradear, Las acciones de walmart crearon un gap bajista el día de hoy, teniendo en cuenta la situación mundial economica social, wmt puede incuirse entre las beneficiadas a la pandemia. Por lo cual la cobertura de este gap es inminente. El período de tiempo que vemos es de 2H,y la cobertura no debería tardar mas de 1 semana.
WMT End of cup and handle. New support confirmed New support found at 127 after cup and handle. .5fib at 140. Original move up retracement of $25
Engulfing candles and Reversal opens - strong signalsFirst let me caution that these are strong signals of a potential stock move. You still need another reason to enter a trade.
Engulfing candle in this yellow box is bearish. Stock must trade below its low in order to trigger puts entry. Same with bullish engulfing candles - the next day or two should see a trade above the high to trigger buying (or calls).
There is a reversal candle open in red box, also very bearish. Reversals happen when the opening price is lower than the previous day's green candle open (bearish) or higher than the previous day's red candle open (bullish).
Looking at this chart, and at 30min as well, what price targets would you set and which option would you buy? write it down and see what happens... or trade a small position (after identifying stops)
Walmart potential for brief correction and short down to 126$Walmart potential for brief correction and short down to 126$ before establishing a bullish trend within the uptrend trade range.
$WMT Leads the Charge for Pandemic ShoppingWMT shares are back in breakout mode as the "winner take all" physical retail game heats up.
The $0.54/share quarterly dividend payout probably isn't hurting either.
Wall Mart vs Dow : Bottom Indicator to watchWall Mart NYSE:WMT is making new all time highs - interesting to monitor the WMT / DIA ratio as a potential long term equity lows indicator. Close but still not there.
WALMART POTENTIAL HEAD AND SHOULDERS SELL OPPORTUNITYWALMART STOCK MAY FORM HEAD AND SHOULDERS FORMATION ON H-1 CHART NEAR IT'S YEAR-2020 HIGH. WAIT FOR LOWER LOW LOWER CLOSE CANDLE TO LOOK FOR SELL TRADE.
SELL ENTRY: USD 124 (WAIT FOR LOWER LOW LOWER CLOSE CANDLE, BEFORE VIOLATION OF HEAD AT USD 126.46)
STOP LOSS: USD 128.10
TARGET-1: USD 118 (RE-TEST OF NECK LINE)
TARGET-2: USD 113
Walmart in Bullish Channel..!price is near the Mid line of bullish channel ( 126 )
if breakout this range, can grows up..
Entry 128
TP 140 - 150
SL 108
forexness
Walmart versus Amazon!Revenue is surprisingly not what I thought! $141B versus $87B... which is which? Take a look at the chart...
Great company but overboughtWalmart is a great stock to buy and hold forever. Unfortunately, they are still way overvalued even after the COVID pullback. PE of 23 seems to support my opinion considering that I don't see any astronomical catalysts ahead.
Buy targets are $110, $84 and $64.
