150 calls for next week?seems like a clear breakout/uptrend. we may add some calls by friday! after we sell baba for 200% ;) gl
WMT trade ideas
wmt channeldrew this in the morning and watched it trend within the lines all day so I thought id share here. had a note for target of between 146.62 (full break out) and 146.58, i kinda shocked myself how accurate these were. please help me grow by giving a comment, like and of course a sub!
Walmart Flying HighLooks like Walmart is just in a euphoric state, keeps rising. Looking at the 1 day chart to determine when stock will drop. It may continue its steady up trend until earnings. With a high RSI and the candles moving further and further away from the moving average you think to scream sell. However, if you look at the most current candle stick ( Tuesday October 13th ) you can see it has a huge bull wick. The bullinger bands have not crossed yet, the RSI seems to max out at 75 for Walmart ( currently 70 ) and the MACD shows growing bull strength. This will be a fun one to trade. Will be watching for the sell signal. I will post when a daily sell signal arises.
Like if you are a Walmart Bull and think it will continue rising high into earnings, and comment any thoughts/opinions. Would love to hear your take on it.
Current Position: 2 Calls @ 4.55 a contract Expires 12/18
Put myself in a strong position to average down if needed.
Walmart about to reach a higher low Walmart is cruising into earnings, however we are on our way to hit a higher low. I believe some point this week WMT will hit $143 a share. Here's the technical analysis that explains why.
RSI: Relative Strength index is at 60 and an average for Walmart is close to 55. With the high RSI we can see price decrease as investors are seeing Walmart being overbought.
MACD: Shows that there is growing bearish divergence, bears are getting stronger meaning they might take more control of the stock price.
My plan?
My plan is to buy Calls on the dip. I am going to purchase 12/18 Call for WMT to be $150 a share.
Follow to see my trades, and give a like if you see Walmart growing, and part of growing means hitting higher lows.
Comment your thoughts on my analysis, I would love to be critiqued.
Breaking Through Previous SupportMulti-time frame analysis shows this to be a snap back into greater trend
Opportunity to buy into WMTThis is a personal publication that I am posting public for those who are following me and watching my account grow.
There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point.
Since we are in a bull market, we should expect Walmart to rise the remainder of the year.
Why do I think there will be a small drop in the short term?
High RSI: 65
Bollinger bands about to cross at a high point indicating a sell signal.
Growing bearish strength on the divergence indicator.
MACD: Showing weakening bullish divergence
Candles are also moving down closer to the Moving Average
As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money.
Stay Tuned for updates!
Headed up to finish wave 5?### Beginner Chart ### This is not financial advice.
If the count is right then we'll see 155 hopefully by earnings
WMTTrading nicely with in the channel since April 29th small gap down. With up coming earnings season, expecting for a continued upward movement with in the channel. 140-135 range should act as good support
id wait for 133-134still in consolidation faze but the breakouts coming! or is it? we must wait for the breakout! no chasing ;) leave a like if you find this useful <3
Cup and handle Taking a gamble to long Walmart. Chart showing positive upside with spaces to fill on the upside
WMT moon shotBig Cup n Handle the last month, lets see how we do here. really i just wanted to draw a moon haha :P
WMT looking for a LONGPrice seems to be respecting the 50MA in this healthy looking uptrend. Im waiting here but will be looking to long closer to the 50MA for the best possible Risk/Reward
Elliot Wave Theory Idea for $WMT Tony's Stock Pick s
I have recently started to analyze stocks and found this idea interesting.
It looks like we could be entering wave 5 on blue line to continue the Elliot wave theory within wave 3 of red line. Potential to see $148-152.
Curious to hear thoughts and comments. Thanks.
*Holding WMT $140 12/18 stikes*
