WMT-Making a serious correction Short

Walmart Inc.NYSE

Description

⋅ Jan 18, 2015 3:47 AM

First lets see the weekly chart:

Price reached 1.61 fib extension at all highs. Bollinger band duplication suggest a pullback.
Looking at daily chart, the trendline crossover is our confirmation to short.
Happy Trading.

Comments

HamedAghajani

⋅ Jan 18, 2015 11:10 AM

Great chart. Thanks for sharing the idea.