Walmart trend is broken , almost went down
WMT $150 CALL 1/22/21 @ $110 AVG DCJ | Trade Idea Not Financial Advice
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...
WMT touched the bottom of the 10 month channel while simultaneously finding horizontal support at a previous resistance level. If price continues consolidation, I'll be eyeing the Jan 15 21 $150c. Vol and OI seemed to be focused at that point and priced right.
Hi there fellow traders, We would like to share this setup, which we are kepping a eye on. Walmart is setting up for a nice clean buy on the daily. Take your advantage with it.
Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy. with more covid-cases I can see their online sales getting another boost. So what do you think? is it a good set up for entry ?
WALMART Ready for a Quick PUMP RALLY!
Walmart is bouncing off the 50 MA, if it holds, this be a good entry for debit spread. 147-153 call debit spread be a good play on this idea. Follow my free trades on our fb group www.facebook.com
Looks like a good point to start the position or add more here at this level.
5 Yr Chart Auto Fib MA at 20 MACD is forming and looking towards the green side. I'm literally a happy camper and reason being, I feel I have some 2009 and 2010 prices.... In due time, this thing will fly. The VID kinda spoiled retail business heavy but lately, I think things will get back on the right track... I will always own these shares, FOR LIFE! ...
MACD suggests the price could go down lower and follow the red path, and with all the current macro economics it would make sense. However, Walmart bounced off support and with shopping season right around the corner we may see a breakout above the triangle. Bullish in the long-run regardless on the next few days
Walmart has room to fall this Thursday, and even Friday. Friday will be a good buy in opportunity for the long run. I see Walmart hitting $150 before earnings. I will place my trade activity below on Friday if my analysis is correct.
Based on pure candle stick analysis I have made my prediction for the 10.13.2020 candle. Stay tuned to see how accurate or inaccurate I am. This is a segment that goes alone with my main Walmart thesis ( linked below ) check it out to see my thoughts on WMT.
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...