WMT , Forms Downward wedge after a long bearish run down ...Hi , Good possibility this will run up in the next few days if it can break the wedge up .
Entry 119.04
Stop 116.18
Target 127ish
Good Luck ~
WMT trade ideas
Trying out RubberBand Algo with WMTThis week I am going bullish on Walmart. I usually don’t trade stocks this expensive but my algo picked it up. Current price trading below lower bollinger and EMA. This is my first trial blindly trusting my algo which is simply coded to mirror Matthew Kratter´s rubberband strategy. However, I decided to also toss in the EMA to shorten my holding period to a maximum of 3 or 5 days.
Current price is 117.74
Entering my position at 118.72
Exit target is 125
Only bought 20 shares, unfortunately my portfolio size isn’t as big as I want, but if I manage to make this algo work you can come back when I am 30 years old and ask me how my portfolio is performing haha
Here are a few questions for the experienced traders out there;
1) What’s your weekly return on average? I am trying to work on a bot that can give me a 1% weekly return and I would like to know if this is a realistic goal
2) If you’re trading in Canada, what broker to you use? I am using Questrade, which charges me a flat fee of 5 CAD per trade but I am wondering if there’s anything cheaper (or better per say)
Please leave a comment or any thoughts that might be useful. The reason why I like TradingView so much is because it has allowed me to connect with actual experienced traders and knowledge is power after all.
WMT Setup on DAILY - Update from June3 (Link in publish)WMT WALMART
Setup on DAILY.
ENTRY = 117-119
1st Target = 618@121
2nd Target = 786@127
Hodl Target 133+
Bottom of current regression downtrend.
Holding 200ema & .5fib@117.94support
Stoch, macd, ttm squeeze & momentum setup
Information is in the chart.
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Buy opportunity for WALMART INC StockA downtrend line was breached after the price reflected from a daily downtrend line, and RSI made a clear diversion.
Walmart | Profit Opportunity | 30 RSI | 200EMAWalmart has reached a great support level at $117, and it might bounce for a small profit in the short run.
1. First confirmation and the strongest of possible bounce is the 200-EMA at $117. Long term investors and big money relay on this moving average since its more reliable than others.
2. We have reached an RSI of 30 in the daily and in the 4h Hour - at the exact level where the 200 EMA is, this means that the stock is oversold and its underprice.
3. We have built more than eight different support levels at this price since September of 20
Please Trade safe, and do your own DD.
Long WMTDefensive stocks like Walmart tend to get stronger in the mist of market sale off. I think this one is a good place to hide in until the cloud is clearing up.
Walmart - The end of the super cycle?Approximately 892,000% in 48 years. Or 18 583% per year. Or 1548% per month. Or 67% per day. And yes it is not Bitcoin. This is a super Walmart Corporation. COINBASE: BTCUSD NYSE: WMT
The 3rd wave lasted 24 years and brought a huge return to its investors. Let's get to the point, what is happening now and where are we?
In our opinion, the 5th wave began to develop since the last financial crisis. In the current formation, we observe an expanding wedge, in which we have probably already passed all stages of the waves. The zone of interest is in the region 42-55 in the case of the first correctional wave A. The large divergence on the monthly chart confirms the probable beginning of the correction. Gradual decline in volumes from 2008 - 2009.
And of course, what can the company's shares grow on now? Right on buybacks. Look at the growing debt.
Total Given the current supercycle, the correction may not start tomorrow. This may take several years, keep this in mind.
WMT Long, EMA144 as support in UptrendCondition:
1. Uptrend consolidation, Touched EMA144 yesterday -- See related Script link.
2. Demand Zone matches Fib# 0.382,
3. But demand is not confirmed yet,
Projection:
Trendline break by Breakaway Gap (G1)
Earning date: 8/18/2020 7:00 AM ET -- Earning will not affect this plan.
Entry: 121
Stop: 119;
Target: 132; risk/reward=1:5
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
WMT Analysis Falling Wedge + Time Frame Confluence + Bullish Divergence (Wide Price Swings)
Weekly Chart
Morning Star Pattern
Falling Wedge
Daily Chart
Bullish Meeting Lines
Falling Wedge
4hr Chart
Double Bottom
Bullish Divergence
Volume Spikes at Dynamic Support (Demand Zone)
Oversold & Undervalued - Robust Earnings ReportI've been watching Walmart since they issued a robust earnings report weeks ago.
The stock "DID NOT" rally on the report like several other stocks did. In fact, Walmart has not taken part in the recent rally.
If you look at the accumulation chart, Walmart has been under accumulation by institutions for a while.
I feel, at current levels, the stock is oversold and ready for a big pop to the upside.
Walmart's in-store and online sales were robust while Amazon lost sales. What does this tell you? Walmart is learning and gaining customers as Amazon and others lose sales to Walmart.
Walmart sat back and let others fail and learned by the failures of competitors. Walmart will be another Amazon moving forward but I think it will be bigger than Amazon!
What does Walmart have that Amazon doesn't? A very powerful retail brick & mortar presence while Amazon is still trying to build one.
Either way, short term or long term, Walmart is a clear winner!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
walmart stock prices analysishello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart .
hope it will be useful for you .
5.31.2020
WMT: showing weakness. $126 key- failing to stay above $126,
- recent selloff at ATH
- Not a buy YET.
- Breaking $126 with strength would give a price target of $148
NYSE: WALMART $WMT - Horizontal line breakdown?I am bearish WMT . Horizontal line has been tested for several days and there's a high chance that it will breakdown.
Target price below: $117.
Chart Invalid: above $123.
WMT Full Video Analysishey everyone im bringing this video to alert you of a potential trade that you can profit from longterm.
Walmart is finding heavy resistance at the current level. we have an ending 5th wave ending diagonal forming on what looks to be a wave 3 of the bigger set of 5 elliot waves. this type of behavior if very bearish. An ending 5th wave diagonal is typically found in the last push up to complete 5 waves. we have multiple weekly rejection candles as well. The weekly MACD is about to cross to the downside as well. The RSI is not oversold on any of the bigger time frames so this leads me to believe we will get a correction with continued upside later on.
enjoy the video
if you have any questions or comments please feel free to post them below or PM me. i am taking chart requests free of charge. i will do a full video analysis for you no strings attached
take care guys and gals
happy trading
Rigo
WMT Walmart Bullish SetupWMT bullish setup.
1st target 127
2nd target 133
fib support meets bottom of regression trendline meets ema pinch
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
my idea about the WALMART INCthere is trend range and the price going threw a price channel so we expect the price to go either way LONG or SHORT wait for the price to break the FIBB LINE
$WMT long$WMT is not moving much since last few days but get ready for a large move soon. Definitely will pick up a month out calls soon.
Walmart Technical AnalysisBefore going long let's wait the US stock market opening to check the impact of the protests/riots on this Stock.
(The idea is to go long, based on Technical Analysis)
Walmart stores suffer damage from George Floyd protests and looting — several hundred forced to close early
High risk selling opportunitiesUsing trend lines to determine bullish or bearish stance on the charts seems like pre-schools stuff, it is a no brainer as some traders might say.
Break out of bullish trend = sell, break out of bearish trend = buy.
In a way, they are right but it is more than that. Take Walmart as an example. It is enjoying a nice bullish run since the 1990s, whether you view it on monthly, weekly or daily chart.
Thus, any traders who attempt to short ,say on the 4H chart where the blue rectangle is IS taking a huge risks. Yes, smaller time frame may gives you the opportunity but because the bullish moves on bigger time frame is so strong, it dictates the moves of the smaller timeframe as well.
Of course, if you look at other stock charts, it may not be the case as each stock behaves differently.
My point is employing a counter-trend strategy , ie shorting in a bullish direction is high risk, requires you to be nimble and highly alert to the price action to enjoy the profits.
I have shown you several examples ( here and here ) where you can short easily and make good profits.
