0R1W trade ideas
$WMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WMT after a Positive over reaction following its earnings release placing the stock in drift A
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Long | WMT | Minimum 100% Profit NYSE:WMT
Possible Scenario: LONG
Evidence: Price Action
TP1~ 144$,
Call options, Strike 144$, 05/14/21 Contract Price: 0.17$
Call options, Strike 145$, 05/14/21 Contract Price: 0.11$
Call options, Strike 146$, 05/14/21 Contract Price: 0.08$
* I'm not a financial advisor and it could be wrong 100%.
Symmetrical TriangleNeutral until trendline is broken in that direction.
No recommendation
The 3 white soldiers candlestick pattern is a powerful bullish candle formation and is bullish 82% of the time. Look for 3 relatively large green candles in a row that overlaps each other. Volume can give performance clues.
Long WMT soon21EMA is about to cross above 50EMA, a bullish sign once again.
9EMA is coming up to support price in the bull flag which means price is going to breakout soon. Looking for a long entry upon breakout with good volume.
PT1: 142.85
PT2: 146.4
SL: below 139.14 if entered on breakout of bull flag pattern.
WMT (Walmart Inc.)Walmart
Walmart Inc. is a multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Walmart Inc., formerly known as Wal-Mart Stores, Inc., is headquartered in Bentonville, Arkansas.
Analysis/Commentary
Continued growth on EPS and Sales Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the LOW point after a lower than expected earnings result
- Opportunities to buy in at the LOW point
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!