peterbokma

WMT-SELL strategy

Short
NYSE:WMT   Walmart Inc.
The guidance had come out and we traded below 119.00 coming from 132.00. This was a gap down, and the three day rule, plus we are already NEW MOON phase, suggest likely a move to test 117.00 support line.

Strategy is SELL current 121.50-122.00 and take profit near 117.00. Re sell if confirmed broken below 117 as we would be going enroute 103.00-105.00.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.