1) WMT seems to have entered a topping phase (hitting a 52 week high Nov-Dec 2020) 2) It broke a trend line (bearish) 3) Moving average crossed below (bearish)
I do not see a lot of momentum to the downside so I am - targeting $140 (a quick 3.5% move)
Apple did that and look happened , can’t really trust technicals now in the market it’s all hype look at GameStop to lol
mxc111
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@emiliolicon98, I agree thanks for the Apple example. I do not have a super strong conviction on this trade, I will watch this one closely and close it right away if it moves against me.