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Walmart

#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net. Also, we can observe a rebound on that RSI's oversold lower band (30). This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart. Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day. Opening position: USD 145.95. Stop loss: USD 144 (-1.30%) First price Target: USD 153 (+5%) Risk-Reward ratio: +3.91 (GOLD futures are already reacting positively on Sunday's night)
WLong
by aoberninger
Walmart about to reach a higher low Walmart is cruising into earnings, however we are on our way to hit a higher low. I believe some point this week WMT will hit $143 a share. Here's the technical analysis that explains why. RSI: Relative Strength index is at 60 and an average for Walmart is close to 55. With the high RSI we can see price decrease as investors are seeing Walmart being overbought. MACD: Shows that there is growing bearish divergence, bears are getting stronger meaning they might take more control of the stock price. My plan? My plan is to buy Calls on the dip. I am going to purchase 12/18 Call for WMT to be $150 a share. Follow to see my trades, and give a like if you see Walmart growing, and part of growing means hitting higher lows. Comment your thoughts on my analysis, I would love to be critiqued.
W
by Myantman101
3
Opportunity to buy into WMTThis is a personal publication that I am posting public for those who are following me and watching my account grow. There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point. Since we are in a bull market, we should expect Walmart to rise the remainder of the year. Why do I think there will be a small drop in the short term? High RSI: 65 Bollinger bands about to cross at a high point indicating a sell signal. Growing bearish strength on the divergence indicator. MACD: Showing weakening bullish divergence Candles are also moving down closer to the Moving Average As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money. Stay Tuned for updates!
WLong
by Myantman101