Entry: 150.75
Stop: 151.15
PT: 142.50 (gap fill)
Risk to Reward (R/R): 20.62
Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12.
Low risk / high reward!
Stop: 151.15
PT: 142.50 (gap fill)
Risk to Reward (R/R): 20.62
Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12.
Low risk / high reward!
Trade active:
The last 2 days have printed a shooting star and a hanging man. That is about as bearish as it gets at the highs of an uptrend. I took profits on a small part of this short position at 149.50 yesterday and will look to add short again above $150.