WFM: Potential double bottom ahead of earnings
Updated
We have an interesting setup here. We can try a pair trade where we'd short WMT and long the same amount of WFM, or we can simply go long WFM, either buying stock or trading bullish option strategies ahead of earnings.
If trading stock, you can use my suggested stop loss location.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
If trading stock, you can use my suggested stop loss location.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Comment
Trade active
Shorted WMT at market open, went long WFM. Good start.Comment
Comment
WMT meltdown, WFM, holding like a champ at earnings support.This is what I'm talking about...pair trade working great.
Comment
Comment
One more day for earnings, the push in WMT is losing speed but we might see a rally in WFM that will bring some nice profits.Comment
Bam!!!Comment
Comment
Comment
Red and green boxes are the suggested entries.
Trade closed manually
I hope someone took this pair trade.Comment
This trade might be viable again.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.