This trade is with the trend, and there is a pattern on M15 and M30, there is a double top on M15 and M30 with divergence, this trade has a tight stop loss but a very high target that is expected to reach.
We are expecting the stock to hit the strong resistance and the rejection of the price. Enter when the the price hit the resistance at 154.48. Stop loss at 154.83 Taking profit at 149.94
This chart shows three things. First, the candles show how Walmart performs relative to the broader market (S&P 500 ETF - SPY). Second, it shows how that ratio changes as the unemployment rate goes up (light blue line). Third, it shows the 25-year support line of Walmart's relative performance to SPY (red line). Notice how Walmart's relative performance goes...
I think we're in the process of seeing a fake breakout above resistance. Over the past few weeks, price has moved up past the $152 resistance, but price looks like it's now rolling over. Upon a break of that $152 resistance on support, it sets up the possibility for price to crash back to the $122 region before finding support. I've put key dates on the charts...
Walmart is preparing for breakout if this work we can short from the top
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SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Good, baaa... nevermind or just ugly??? So employee wages getting ready to increase so why isn't that good news for Walmart? In my opinion this minor employee benefit comes off the "backs", I say that sarcastically, of these "hardworking" multimillion dollar babies. So there is the ugly coming right from it's won company. Where employee wages should come as a...
Walmart approached long term resistance today and instantly dropped which obviously isn't a great sign...BUT I think its been holding this support zone pretty well for the past couple of weeks which IMO is fairly bullish. I think WMT could attempt to fill the gap at 143 but on the event that it doesn't hold this zone, I will be shorting this stock back down to...
Made a weekly trade on WMT, as writing this we seem to be breaking through $126. My play: - WMT $123 Put 5/22 @ $51 per contract. Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out). Do not trade this, you will lose money. DotcomJack
Walmart potential for brief correction and short down to 126$ before establishing a bullish trend within the uptrend trade range.
Historically, the $TGT stock has been in this channel for quite some time. (white for dummies) When it broke out of this channel, it reached an all time high. Then we can clearly see a nice inverse head and shoulders. Next target would be $64 if falls back in here.
Dates in the future with the highest probability for price direction reversals
Walmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly,...
Price on a big trend line and on AB=CD Area Can easily fall to the D point of the small ab=cd (yellow on the photo) Then even to retest the Triangle trendline (Blue in the photo) If price will make last up move we will short 2 at the Orange big AB=CD
short in levels and waiting for TP 's !