Entry: 150.75
Stop: 151.15
PT: 142.50 (gap fill)
Risk to Reward (R/R): 20.62
Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12.
Low risk / high reward!
Stop: 151.15
PT: 142.50 (gap fill)
Risk to Reward (R/R): 20.62
Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12.
Low risk / high reward!
Trade active
The last 2 days have printed a shooting star and a hanging man. That is about as bearish as it gets at the highs of an uptrend. I took profits on a small part of this short position at 149.50 yesterday and will look to add short again above $150.
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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.