$WMT Walmart On Watchlist for daily Breakout Possible long entry above local POC and daily resistance $120.50
Target price at trend line approx $128
WMT trade ideas
Walmart - looking for a longNYSE:WMT
At a time when stocks in many industries are falling. Food chains are growing. So the Walmart storms 119.95.
At the last trading session, there was a long-time retest of the level from 18.02.2020.
The level was reached on large bars, which may indicate insufficiency of gained position by a large long player. However, there is an accumulation in the channel between 112 and 115.
My strategy regarding this stick is: as soon as the price breaks the level and fixes above it, I will look for the entry point. I would not recommend to trade a long break-up strategy here: it is quite possible to expect a false break-up first, and then fixation.
I would like to add that during the crisis the market senses are very speculative. You should trade only what you are sure of and only as your strategy allows.
I like to trade with short risks, as a consequence, I do not need very large price movements in order to take my 3.1\1. If you trade with bigger risks, you may not have enough potential movement. Always take ATR into account.
Take care!
WMT - 5/15 expiry 110 strike PUTS - low riskThis monthly chart shows bearish divergence between RSI and price action. Zoom out on your own char and you will see WMT is still near all time highs (stock has not sold off). You can also see that stock dropped below 10sma and has come back up to test it.
On the weekly chart, stock found support at cloud and moved back up. You can also divergence between price and RSI. I think eventually the general economic downturn will also affect WMT.
The risk is low. If WMT continues higher, I exit these puts if stock goes over 120 (you can also set a second exit at 121). Otherwise, over the next few weeks, WMT may return to 108-103.
The ManI've been listening to every one of Trump's conference calls. He continues without fail to pump WMT. If we identify this point as a harmonic, the measured move is at $140, which means there's plenty of room to make money.
Walmart approaching neckline Walmart has been trading within it's ascending channel since the start of 2019, obviously throwing around corona volatility since the start of this year. We are now approaching a potential neckline region and tap of the lower channel before recovering slightly into a right shoulder. Profit taking between 118. - 120.
Border line resistanceIf it closes today below that nearest red line, then most probably it should start going down.
Walmart $WMT Nice pullback, simple fact - Sales will OutperformMerely my opinion.
Went long $116 Calls
Trade at your own risk.
Goodluck.
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Take it easy.
~Bo
Watch hourly RSI and Tuesday openOn hourly chart I have circled a possible double bottom indication with divergence (RSI was higher in second drop while price was lower). Stochastic is over RSI, 10sma is over 20sma, and price has held 20sma support.
Though these signals are in play for buying calls, the 20sma is still downward and daily chart shows there could be more downside. Today's reversal open from Friday is very bearish. Be patient.
WMT Long : + % 2.10 - % 5.41Parameters :
Position Size : % 1
Risk/Reward Ratio : 3.48
Stop-Loss : 113.42
Goal : 116.51
*** NOTE : If opens too high , Goal = 120.29
WALMART INC. (WMT) DailyDates in the future with the highest probability for price direction reversals
