Walmart Buy Walmart using three Trend lines yellow, green and red trend lines . Buy at 132.42 price near the green line .Target of 140 around 5% - Yellow line. Stop Loss is the red line around 1.79% @ If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.74 % there is an upside of 5%
0R1W trade ideas
WMT - Likely Breakout to new ATHWMT has seen some serious bullish price action sparked by their recent announcement o a subscription service that puts them in somewhat direct competition with AMZN. This appears to have started a whole new wave of impulsive price action. It faced rejection today after reaching the previous all-time-high and barely breaking past it.
Price Point of Invalidation: $128-127 zone
Price target: $137.50
Now that is some nice break-out!Well, I was not expecting this.
We are watching the perfect break-out right now.
High volume and a huge green candle.
I will be long on this one if it cools a bit off and retests the support level ( 121).
It got overbought very quickly on multiple timeframes, so be careful tho.
First bigger price target: 126,39
Support level: 121.06
WMT can be in focus againDuring the fear from 2. wave of the virus, WMT can be in focus again. Technically the price approached important levels. After a longer consolidation WMT is now at the 200 daily SMA, a strong confluence zone and at the bottom of the long-term long channel. Fibo 61.8 and MACD divergence is also supporting the course. Indicators can trigger buy signal soon. Lets see, the R/R is good as well. Good luck.
WMT 130 Update $WMT closed green. Price is at 127.75. Price target is 130. Might see that tomorrow but who knows. WMT is launching WMT plus and announced WMT clinics for cheaper healthcare. WMT is going to be insane. Again, will monitor in the morning. It is 128 after hours. If it hits 130 and holds, its going to 140 but if not then I am watching the flag fill. A bull flag is slight downtrend after a rally. Indicating the price will go higher. WMT long term is a good stock if you want to get in. To those that got in I hope you made tendies. Could also argue a double bottom but not completely accurate lol
WMT 130 EOW$WMT!!!!!!!!!!!!!! Wow, I am so happy with this play. Glad I was able to call it out as well as others in the discord. WMT just announced their WMT + which will compete with Amazon. Cheaper and has the potential to fight Amazon. Volume is incredible. Price target right now is 130. My call expires on the 17th so I have some time. Weekly calls for the 10th could be played as day trades. Should see some pull back Friday. Also have a long term WMT call that should print.