4WMT trade ideas
WMT Supply / Demand (possible scenario) Please take a look at the chart (zoom in and out to see it clearly)
Currently WMT is located in the demand zone, the best time to enter in my opinion -when WMT close above demand zone for the 2nd time, as you can see it usually move (close) above the demand zone
then dive back in to demand zone, then "dance" in the demand zone -showing higher lows and when it moves out for the second time above demand zone and close above it ,that when the rally begins .
Not financial advice.
Do you have a Reward to Risk ratioIn the world of trading, do you know what a Rw/Rs (Reward to Risk) ratio is? if you dont this article will be beyond your understanding. I suggest you read up on Reward to Risk ratio & come back to read this. If you do know what a Rw/Rs ratio & assume most of you do, we can continue our merry trade discussion ;D
My Rw/Rs ratio for Swing trades that i take on a Weekly (W) chart is factor of 4 to 6, am happy to see more. with my Day trading strategy; am a little more aggressive & will settle for a Rw/Rs factor of 3-4 to take on a day trade.
Once a while, a trade opportunity arises that offer such a large room for Reward to run, as in this (W) chart of WMT WalMart Corp. if the trades goes my way, look at this room for profit to run, with no resistance of supplyzone in sight this can go up.....sweet mama, she got my attention.
First; (Disclaimer) I will never take a trade solely based on a sweet Rw/Rs the odds are not in my favour. Back to the trade. So i have a sweet Rw/Rs ratio what else is going on? Price is crashing into a DZ from the (M) & this DZ happens to be the HL of the month (M) uptrend. This is good, The week (W) price chart is into the long-term chart DZ (Demand zone). This qualifies only if the (M) is still in a technically defined in uptrend. This is a Classic trade set-up I love.
Like a Snipper I set my LNG (long) entry at 117 level slightly above the lower band of the DZ, my entry was so low that my risk was less than a dollar before my STP triggers. I took the Long position, the market rallied & so did WMT, & I closed 1/2 my position once price reached 128, I took a good 10 Rw (Reward) pressure if off. already the trade made its money. & I let the 1/2 of the position run. Lets see how it goes when the market is open on Monday. This was a swing trade using the (W) chart to identify the setup. Long-term would be the (M) chart & I used the (D) daily chart to enter & set my STP.
WMT oversoldOversold on several indicators but still trading above the cloud overall, looking for a bounce to $131-136 in coming days. Bought 90 June 24th $125 calls
WMT no change in view, WAY OVERSOLDAdded further to my calls today to a max position. fib .236 is $128.52, .382 is $134.56 retracement most common is .618 $144.49/ Way oversold on several indicators with gap to fill, expecting a 50% retracement of gap. I have 105 June 24th $125 calls. GL
WMT-BUY strategyWe are basing well and we are slowly starting to go higher.
The GANN Fan resistance which coincides with FIB. is near $ 128.00. I would suggest take profit on longs near that area, and perhaps $ 126.75 - 127.25.
make or break area for Walmart >.<WMT at a trend support that has held for so many years! will it bounce again or finally break?
bad news for longs if we don't hold this support, long trigger at 128.21, short trigger 115.40
WALMART - time to watch for reversal?A flat structure on daily, as an option. Wave C traveled 1,618 of the distance, covered by wave A.
This is a nice level for a reversal. Need a confirmation
Strong correction for WMT!!After the earnings report WMT fell over 10% and that is every bears dream especially as we may be entering a bear market things are looking bleak. However there is a difference in a healthy bear market where money is lost gradually and isn't lost 10% overnight. so as the overall long term position on Walmart right now may be bearish the short term for this next wee may be a correction up to the 125$ region on Monday and we can see whether the bulls can break that and jump it up to around 130-135$ area.
WMT selling off cools downThe down trend is broken in 15min chart, there are signs the stock is bottoming or near bottoming for the short term.
Long WMT Long WMT after a crash down to the 76 fib. Always love to buy these. Breaks of 76s can turn into capitulation so stops here always go just a bit behind there.
Walmart...more down to go?WMT is showing a down trend that appears to continue tomorrow and possibly later. I would expect it to flirt with $119.55 tomorrow. If it goes below that price It could go as low as it was in 07/2020. This is not financial advice. I will be looking at more puts for day trades on WMT using the flawless day trading strategy. This is chess not checkers so I will be looking at JULY 1 plays.
$WMT Walmart back down to $122?I think we're in the process of seeing a fake breakout above resistance. Over the past few weeks, price has moved up past the $152 resistance, but price looks like it's now rolling over. Upon a break of that $152 resistance on support, it sets up the possibility for price to crash back to the $122 region before finding support.
I've put key dates on the charts for changes in price action, let's see what happens over the next month or two.
$WMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WMT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Walmart.... trend down! Walmart the biggest revenue company in the world , declares it cant provide more profits consistently in 2022, institutional investors knew it far before and set a huge sell off today. For you mere mortal I`d suggest take the trend and realize something bad is coming up in the Usa economy maninly if Fed decide to raise rates faster than it might be. Fingers crossed and be ready for way down. Investors... NEUTRAL OR SELL IT!
Pull Back Fishing/Has Broken Down from Rectangle TopOUCH! Huge red volume bar!
Rectangle has broken bottom trendline.
Longer term moving averages may have fooled some folks as they do not look bad, yet. Moving averages can be a lagging indicator like analysts )o:
Perhaps a short term short.
I am letting the dust settle.
No recommendation.
Long WMT above 144.58Alligator's Mouth is closed both in the Daily and Weekly.
Fractal on the daily is 142.98, and 144.58 on the weekly. First entry could be the daily and heavy add on on the weekly.
Going long if train departs to the upside at 144.58.
Walmart Analysis - BullsAn Analysis showing two periods one of stagnant sideways movement and one of large growth
The first led to a 600% gain, if repeated a 600% up move puts WMT at 262
Walmart bullish rally Here I have walmart on the 4hr time frame. Currently walmart is above the 200 EMA on daily chart. Walmart has printed higher lows with the candlesticks and lower lows on the MACD, hidden divergence. I am expecting walmart to bounce off the 200 EMA and rally back to the ATH right before earnings.
