POTENTIAL BULL TRAP ALERT!
False Breakout in WMT in progress. Long term target 70$/per share. Define your risk accordingly.
False Breakout in WMT in progress. Long term target 70$/per share. Define your risk accordingly.
Trade active:
WMT traded 10$ down from the TOP @ 133 Level. Move STOPS.
Trade active:
Moving down nicely. Closed out WMT 128 P expiring MAY1 2020.
Adjust your stops, that are well in the money now, according to your money management approach. Good luck!
Adjust your stops, that are well in the money now, according to your money management approach. Good luck!
Trade active:
Today WMT sold off on a positive earnings report - which is a bearish sign! The bump from " pandemic buying " was already priced into the stock price. What do we have going forward? Uncertainty ... withdrawn financial guidance for 2020 and a lot of down side risk at these ATH levels... BE SAFE!
Comment:
WMT bull trap in full swing! Prices reversed as speculated at 135 level, now down to 119. Stops should be well in the money now. Manage your trade according to your style.