WMT trade ideas
WMT LONGWMT long after holding the same range for 4 days. Market got a pull back after US stim talks and UK COVID strain. This has held strong looking for back to the highs
Walmart Holds the TrendlineWalmart has fallen by the wayside lately as investors focused on reopening stocks. But now it could be poised for a rebound as the coronavirus pandemic worsens.
The big box retailer has a trendline starting at the March lows, which was tested in early July and late October. It’s now returned to consolidate at that line.
WMT’s 50-day simple moving average (SMA) has also been rising and follows the trendline.
Next, its recent consolidation zone around $145-146 is near the mid-October high. That could mean old resistance is becoming new support.
Finally, stochastics show an oversold condition.
The fundamental picture is also strong, with top- and bottom-line beats the last two quarters. Its digital transformation has been successful. Now brick-and-mortar sales could enjoy a boost if vaccinations drive traffic back into stores.
Overall, WMT is a large cap and major index member – exactly the kind of stock investors have shunned recently in favor of smaller names and IPOs. However, a sense of risk may be spreading in the market as coronavirus rebounds. The result could be a return to the big and safe names like the retail giant based in Bentonville, Arkansas.
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WMT - December 20, 2020WMT is the dominant all things retail, defensive in turbulent times stock. Throughout the pandemic WMT has exhibited stellar e-commerce growth of US sales up 97% yoy compared to estimates of just 37% in Fiscal Q2. These growth levels are attributable to increased online shoppers as a result of the pandemic, and WMT has exhibited a best-in-class adoption of their e-commerce platform. From a technical perspective, WMT has found a base in the 145 level and should look to bounce nicely from this level.
triple bottom? oversold on daily.potential triple bottom forming. looks to be bottomed out with buyers back in this range.
a retrace to 100% fib level would be ideal. watching closely for a clearer picture.
$WMT breaking out of Channel after Channel after ChannelIMO this is a great spot for an entry to this mosnter.
SL 137
PT 165
WMT, will it go back to it's all time high?WMT, will it go back to it's all time high?
Earnings were fine, oversold at current level, but holding up pretty well.
Walmart setting up for a nice daily buy Hi there fellow traders,
We would like to share this setup, which we are kepping a eye on.
Walmart is setting up for a nice clean buy on the daily.
Take your advantage with it.
WMT - The Time for a Move is NearWMT - with lockdowns and the holiday season upon us, WMT is positioned VERY WELL to accelerate their online presence and competition with amazon and others. I'm already in, and watching these channels and trend lines for the next impulse. Enjoy!
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$WMT | Walmart: Falling Wedge and Rounded Bottom at Volume POCTextbook Falling Wedge pattern completion at volume point of control. Watch for a breakout.
Targets on chart. Good luck!
WMT - Descending Wedge Reversal PlayIf anyone likes playing WMT, this seems like a good play for monthlies. Forming a descending wedge into the March trend line dynamic support. Reclaimed 9 EMA on the 4H chart and starting to curl up. Trigger to enter is 146.91, as it's the line that has been long-wick rejected two times in the past few days. Breaking this level would also indicate a trend-reversal breakout from the current downtrend.
This is moreso a bottom reversal play, rather than my usual momentum/breakout play, so be sure to get far-dated contracts, and position accordingly.
Good risk to reward ratio to buy Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy.
with more covid-cases I can see their online sales getting another boost.
So what do you think? is it a good set up for entry ?
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 longClose to long term trend plus Fibonacci golden zone. Expecting a bounce soon. Target would be 150-152 with stop loss under trend line.
$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.
WMTWalmart forming a Bull Pennant pattern. Same as TSLA before the recent breakout. It could just as easily break below the pennant which would be a bearish sign. Breakout 153.29
Watching for this bullish continuation.
$WMT #WMT looks like a good SwingWalmart is bouncing off the 50 MA, if it holds, this be a good entry for debit spread. 147-153 call debit spread be a good play on this idea. Follow my free trades on our fb group www.facebook.com
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 !
