aoberninger

#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL.

Long
NYSE:WMT   WALMART INC
Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net.

Also, we can observe a rebound on that RSI's oversold lower band (30).

This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart.

Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day.

Opening position: USD 145.95.

Stop loss: USD 144 (-1.30%)

First price Target: USD 153 (+5%)

Risk-Reward ratio: +3.91


( GOLD futures are already reacting positively on Sunday's night)
Trade active: After a HORRIBLE day for global markets due to new UK-COVID strain, WMT resisted perfectly well and even closed flat above trendline. I think that for now its a victory.
Trade closed: stop reached: Stop loss triggered. Position closed with a -1.44% loss. Seems that price will test MA200 around 142 USD

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