PerryWave

Bounce from Channel Support

Long
NYSE:WMT   WALMART INC
Could see a bounce from this channel support level .

Oversold on Stochastic . The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines).

Still has strong fundamentals for the time being, going into earnings in a couple weeks.

Stop at $120, Target Profit at $132 means Risk/Reward of 1:3

Thoughts?

Comments

Seems extremely accurate I'm stopping gains at $128/129
Reply
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