Long
WFM: Potential double bottom ahead of earnings
We have an interesting setup here. We can try a pair trade where we'd short WMT and long the same amount of WFM, or we can simply go long WFM, either buying stock or trading bullish option strategies ahead of earnings.
If trading stock, you can use my suggested stop loss location.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
If trading stock, you can use my suggested stop loss location.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Note
Trade active
Shorted WMT at market open, went long WFM. Good start.Note
Note
WMT meltdown, WFM, holding like a champ at earnings support.This is what I'm talking about...pair trade working great.
Note
Note
One more day for earnings, the push in WMT is losing speed but we might see a rally in WFM that will bring some nice profits.Note
Bam!!!Note
Note
Note
Red and green boxes are the suggested entries.
Trade closed manually
I hope someone took this pair trade.Note
This trade might be viable again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.