WMT trade ideas
WMT - h chart The Automated Hormonal Pattern Scanner detected a negative pattern on WMT
sell for T1 134.87
T2 132.10
SL closing up 141.05
If WMT Gets TikTok Going to $145-$155 IMONot trading advice.
But in my opinion $145-$155 in play for WMT near term.
WMT
Big move for Walmart!It was a big move for Walmart yesterday.
The GoNoGo Trend indicator repainted a Go flag on the close, renewing the Go trend that has been trying to take off.
Yesterday’s price action also briefly scaled the high of the previous best bar on August 18th. Of note though, it was unable to close above it.
The GoNoGo Oscillator has turned up from zero, also a *bullish sign.
It looks as though price will endeavor to move higher, especially if it can consolidate above those highs.
$WMT Walmart needs to clear $140
The stock of Walmart has been a roller-coaster since earnings last week,
yesterdays news just added to the head spin.
We believe that if the stock can clear the $140 level it can rally hard to $160 with the earnings
pivot at $145 as possible resistance.
WMT ATH play + catalystTook a position yesterday, timeframe => 2-3 month, at least till next earnings
Meets my criterias: ATH, strong earnings, bullish chart, 4 x average volume
If they get a deal with Tik Tok, it can work as a catalyst to give it a boost
WMT - Triangle breakoutSymmetrical Triangle breakout.
I will but above 132.5 for initial target 134
138 to 140 possible but $WMT being $WMT i do not expect it go there before results.
RSI and Stochastic are go
Very Oversold but not making new lows. Looking for 140 next weekIn 130.3 and bought some Sept.18 130 Calls @2.85
WMT BUY OR LONG , TARGET UP TO $150 WMT confirms Pennant bullish at $135, target target to $150.
WMT buy : $135
WMT target : $150 +-3
Stop loss : 6%
Wish you a good deal!
Potential head and shoulders pattern for WMTNoticed a potential for this pattern to play out. Watch over the coming days to see if the neckline is broken leading to new lows for WMT
$WMT Flirts with a Key Breakout Failure PotentialWMT flirts with a meaningful "failed breakout" after strong earnings from it and Target in recent days. What's the next catalyst here? Tough to say.
If you are long and this catalyst-driven breakout fails, how do you not take something off the table?
Daily Wisdom 04 - Less is moreSometimes the most beautiful things happen without human intervention.
$WMt Walmart Support Zone to Watch
daily support held today once on higher than normal volume, support zone is between $132-130. where the rising 12ma also got touched today.
The Bulls now need to reclaim the breakout level @ $133.50 but maybe teh 3day rule applies before looking for long.
The indicators are beginning to roll over so caution needed.
Cup and HandlePossible stop below 125.2
Not a super deep cup, hence targets are not astronomical
Wmt has come back to fill gap it left behind so not issues there
WMT's handle low came dangerously close to Mid Cup after it fell from rising wedge it was in several weeks back. No longer in a rising wedge which are bearish.
The deeper the cup, the higher the targets, taking prior R and market mood in to account
Not a recommendation
Walmart Break up!!! Oh la la Just break up. Please look at the next level on Fib extension! GL guys!
PM me if u have questions!
$WMT Walmart Long Into Earnings
Earnings on Tuesday before the open, expectations
are for a rally.
MACD is reversing away from Zero-line
Histogram is ticking higher.
Volume steadily increasing.
7&12 ma's bullish cross above 20ma imminent.
$140 a conservative breakout target
$129 stop loss
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