WMT trade ideas
Target: 160s by Feb 2021Nice bounce coming in for NYSE:WMT at the 50 day moving average.
Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings.
I consider WMT to be a good long-term hold as well to keep the portfolio diversified.
I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
$WMT This is a bit tricky, it can be both bullish and bearish. If the (POI)1 holds then it can act as a demand zone and move the price up but (POI)1 has already been tested so it might break. If it breaks then our nxt target would be (POI)2 and can act as a demand zone. To be clear i want to open a long position because the overall trend is upward. You dont wanna trade against the trend.
The chart is self explanatory but if you have anymore question then message me.
Trade Safe.
WMT Possible Upward MoveHello traders !
As you can see,price is rising in a bullish trendline channel. From a technical view I would recommend to wait for a price to retrace to our 0.50 fibonacci level,which nicely fits with a support level and trendline. As we can see,last time when price did the same move,it has shooted up. From a fundamental perspective,when WMT announced a free shipping,is bullish scenario also possible.
Thank you for reading !
WMT huge insider sales Dec.1 2020 SO........ I always pay attn to when HUGE amounts of money leave or enter a stock. While looking for my next move I saw 200m in insider sales from the director and a 10% owner.
Now to me this is ALOT of money. And im thinking bout jan 15 $150 puts as you can see the averages are going down and I just dont see it hanging out where it is especially if there's others like me that see these kinds of sales and look for a reason why. BUT Disney pulled the exact same stunt before their last earnings and then it went up which differently caught me off guard. So maybe wait a day for lil more confirmation from the chart. Im looking to put in an order to buy one at open price and then will either buy more or get out depending on what chart tells me. attached link has the insider action in detail
