WMT trade ideas
WMT1/3/21 - 1D Time Frame
** price broke 50ema and was rejected once but 142.23 support seems to hold.
1. Price currently trading at bottom channel, and channel seems to hold.
2. MACD - histogram bearish momentum losing strength and lines about to kiss
3. stochastics at the 40 area with more room to go.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
WMT $155 (15 Jan 21) CallNYSE:WMT Long Call
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ABC BullishWMT fell from a rising and narrowing wedge pattern and appears to be trying to go recover..
The target is D so it is ultimately an ABCD pattern, just D is not there yet and can't always take it for granted (o:
Targets are calculated using the length of the AB leg and fib levels.
Somewhere under C is often a good place to put a stop.
Long entry is when price breaks the BC leg in an uptrend and this can be subjective. I picked a price over possible resistance but you may see something different than I do.
NV and OBV are both high so there is interest.
WMT seems to be chugging along from one abc pattern to the next.
WMT has tested level C which often occurs.
Patterns do fail and nothing is for sure so be safe.
Stops can be important, so tuck it away where MR Market does not steal it from you (o:
Not a recommendation
$WMT Bounce Back Inbound | SleeperWMT $150 CALL 1/22/21 @ $110 AVG
DCJ | Trade Idea Not Financial Advice
WMTLONG-TERM: 4hr classic bullish divergence and daily hidden bullish divergence in an ascending triangle. (Not financial advice and moves slowly)
$WMT Walmart UpdatePrice has been moving according to our previous analysis. The price is bouncing off our (POI) and the potential target is $150 for now, but it can go beyond that price. Also, $IPOC has a merger with CLOVER on Jan 7th which has deals with walmart which can also help it run.
Trade Safe.
WMT long hereWalmart is looking for a breakout, it got hit with bad news and caused a selloff a few days ago. It is now on a trendline and seems ready for a move. It has a low RSI as well making it a better candidate for a long position.
WMT.. potential for the upsideWMT is on a 3rd touch on an uptrend channel's support as shown in the chart. there is also a nice hidden bullish divergence which indicates trend continuation.
Let me know what you think :)
Note:
This is not a signal, this just an idea of what I see. I appreciate you leaving a like .
Please trade at your own risk using your own analysis.
bottomed outwalmart seems pretty bottomed out here.
the feds suing walmart over the opioid crisis caused an overreacted sell off. still looking like a good time to add. i am in 160c 3/19/21.
Buy Walmart USD 140RSI 2 is currently below 10 and Price is above moving average 200.
Please trade with care.
#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. 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 had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart.
Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day.
Opening position: USD 145.95.
Stop loss: USD 144 (-1.30%)
First price Target: USD 153 (+5%)
Risk-Reward ratio: +3.91
(GOLD futures are already reacting positively on Sunday's night)
Cup and Handle Rising wedgeIntra-year cup and handle pattern..
Long after validation that RW does not interfere or fall from RW complete..
Support at handle low and mid cup which is 143..
WMT has dipped briefly out of the narrowing rising wedge..strong stocks may not fall far but the rising wedge is a bearish pattern most of the time.
A RW is not valid unless bottom trendline is broken and can be a long term pattern..takes at least 3 weeks to form differentiating it from a pennant.. A stock can break up from a rising wedge but the break out is often short lived.
Both trendlines in a RW slope up and converge, or narrow at the apex..They are caused by irrational exuberance and interfer with supply and demand..
NV is high as is OBV. Short interest is low so maybe WMT will not fall any further..
Long term up trend but the 5 MA is well below the last monthly candle. Price is often drawn to the 5 day moving average...It is harder than we think to change a trend as the market is like a huge ship that does not stop on a dime. The market has inertia and and likes to continue doing what it has been doing...it does not mean it will last forever though and ships do eventually stop and turn around...
Be safe/just an observation and not a recommendation
WMTLONG TERM: Upsloping channel working on it's 5th touch for a confirmation, with 4hr hidden bullish divergence and 1hr classic bullish divergence. (Not financial advice and tends to move slowly)
WMT - Cup and Handle Eyes on the $WMT ticker.. possible Cup n' Handle forming
Entry: ~$145
Exit: ~$149 (Conservative)
~$152 - $156
Hoping to break the $150.00 resistance. GLTA!
- Pocketfeeder
$WMT Charting PatternsTrending in a bullish price channel on 180 day chart. Looking for WMT to bounce off the 200 MA and make it’s way to $169.00.
RSI almost exhausted oversold indicators. MACD concurs.
"I'm not an expert but I have watched a number of youtube videos"
NYSE:WMT
WMT Looks Ready to EruptWMT 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.
$WMT Bullish Outlook TP: 151+After testing a lower trendline and .618 level I'm looking for WMT to push upward toward pivot.
TP1: 151
TP2: 156+
Loss of GP is the stop-loss as indicated on the chart.
