$WMT - Symmetrical triangle breakout Breaking out of symmetrical triangle. A breakout above $144 is bullish.
Resistance - $144
Good case - $152
Best case - $164
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
WMTD trade ideas
WMT for a great long playWMT doesn't give AF if the fed is talking about inflation. WMT doesn't care about infrastructure deals. WMT looks at the COVID crash and laughs it off, respecting its own trend line... Sure, you would play the weekly and monthly contracts on the small jitter, but WMT is a great example of the slow, methodical, and deliberate climb up. This is a prime candidate for a LEAP or even running a PMCC.
This is not financial advice. I just look at squiggles and fit lines to them.