andrew.berg
Long

WMT poking its head and looks ready to go

NYSE:WMT   WAL-MART STORES INC
Nice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier system. So, may initiate long trade above $77.50 with tier 1.
$78.50 was key point to amke adjustments and cover some if you are long. Doesn't mean its short.
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Took some profit today at 78.68. Also encouraging to see that on several of the recent down days, even for how strong they have been, WMT has been holding up well or even in the green.
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andrew.berg gatorNic
Good decision, overall market feels heavy
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andrew.berg gatorNic
Measuring relative strength of sectors and specifique stocks is part of my process
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$79.00-.30 2nd target in tact despite markets downside acceleration
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WMT broke out big time. Congrats! I think there is a lot more room to go up. Your thoughts?
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