vlad.adrian
Long

Wal-Mart - Bullish divergence

NYSE:WMT   WAL-MART STORES INC
304 4 9
Wal-Mart has drawn my favorite pattern, a diverging double bottom with a false breakout in an uptrend. I have a buy limit order at 75.66$, stop at 74.60. Target is at 79$, allthough depending on how the indices play out, I might take profits at 77.50$, if I get scared.

Buy limit got canceled automatically because it was a day only, so I had to enter manually. Did that today 23.06.2014, at 77,84$
snapshot
Put my stop at 74.67, instead of 74.60$ as I said in the description and got stopped out on 27.06.2014.
Reply
Weekly monthly charts suggests a short with a profit target between 60-65.
Reply
vlad.adrian PRO TradeVulture.com
With my system, the weekly tells me nothing, it is flat, and whenever it is flat I take only daily signals. Of course it's not as good as it would be if both timefrimes pointed in the same direction, but considering the momentum in the overall market plus this bullish divergence, I take the bet, if I get filled.
Reply
1M chart points to an upside to about what you're expecting before resolution, which might end up being bullish. A flag in a trend suggests continuation of the trend.

70 hasn't been tested since early 2013, and 65 hasn't been tested since 2012. It's unlikely to happen unless there's major news or the market turns super-bearish.

snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out