WMT hit and bounced where we found a demand zone now should head higher to the trend line resistance
1) Break trend line resistance and make it to 145 for a gap fil
2) Reject the trend line resistance and bounce back down
This isn't super clean as of today, but it is setting up nicely to my eyes.
For the long term buy and holders I'd say go ahead and hop in.
For those of us cursed with the necessity of using stop losses, I'd like it to get a little closer to a lower level, or to show some more upward momentum before I can find a sensible risk ratio.
For the most part I am just...
WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely...
WMT 1HR CHART...
WMT looking nice for a recovery play to retest ATH and a nice gap fill to the upside. In a steady up trend channel looking to retest that downtrend resistance line and a possible breakout to fill the gap, also currently in a bull pennant, look out for a gap up and retest for an entry if it does.
This is not a recommendation to buy or sell.
Based on the chart I had from last week, WMT is following my prediction so far.
Nice dip today to filter through any weak hands and opportunistic. Based on the volume pick-up going into EOD, I'm seeing bullish signs towards the next fib level with a price target of$138.
Like and comment if you agree.
WallMart can be a good candidate for a long position. I suppose it will touch again 131.30$ before shooting up to 139.50$.
On the next trading day (Monday the 15th of March), I will try to buy some stocks @131.30$: Stochastic RSI is in overbought area and RSI is ha three falling highs. My target is 139.50$ in profit and 126.20$ in loss.
The expected Win/Loss ratio...
This is not a recommendation to buy or sell. Please do your own DD, this is an idea of what I think is going to happen.
WMT MACD on the daily just crossed the signal line. Volume has been increasing the past 2 weeks.
1 week Price Target = $138
2 week Price Target = $140+
Like and comment if you like this idea!
I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.
Break even for the trade is currently $126.46...
Kohl's raised earnings expectations heading into Tuesday morning from previous quarter. Revenue expectations are $6 billion, March 2020 was $6.54. The options put call ratio is bullish at .30 . There are 2200 $ 57.50 calls sitting in March 19 open interest. Good luck this week!
Long term this stock has plenty of room to make it back to the highs, which I believe it will by the end of 3rd quarter, and as it builds out its e-commerce and digital ad's business further, investors will see the true potential of Walmart as a platform and not only as retailer.
$WMT looks bullish headed into ER. $WMT has had some great previous reports and I expect a nice move prior to the announcement. The stock is in a beautiful bull flag and a break of this could send it back to the $150+ range.
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It seems that WLM share price will likely rise right after the ERs. Even though it has been trending downward over the past few months, the situation may be reverse if it hits the neckline of the potential head and shoulders pattern pictured above.
Feel free to share your thoughts.