Description
WMT double rejection off 152 along with converging MACD looking bearish.
This is a re-entry from a related idea.
Using A put debit spread, because profits are always limited by time.
Put Debit Spread
Levels on Chart
SL > 152
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 149P
SELL
11/26 135P
R/R &...
Description
BABA remains in extended downtrend that began 27OCT20, now has rejected new supply line established 20-22OCT.
Technical Indicators:
Fallen back below 50D EMA
Bearish MACD convergence
Supply line Rejection
Using A put debit spread, because profits are always limited by time.
Put Debit Spread
Levels on Chart
SL > 178
*Stops based off...
Description
WMT double rejection off 150, a decisive close below this level triggers a short position.
Using A put debit spread, because profits are always limited by time.
Put Debit Spread
Levels on Chart
SL > 150
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 148P
SELL
11/26 135P
R/R & Breakevens vary on...
Description
A close < 176 triggers a short position.
Using expiration two weeks out for a little additional time on this slow mover.
Put Debit Spread
Levels on Chart
SL > 176
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 172.5P
SELL
11/12 157.5
R/R & Breakevens will vary when filled.
The long put is placed ATM...
