WMT trade ideas
Bullish PennantWalmart started a down-trend after Apr 17, which was also a healthy correction after a big run-up.
I am bullish on this one, the reason for it:
> Chart paints a beautiful bullish pennant
>Earning beat will cause another run-up to higher levels. (which is very likely)
>WMT proved to be a recession-proof stock, so if another downturn occurs, it will probably rise again.
My suggestion:
>Limit buy at 123.37 and at a lower level: 122.30
>Stop Loss: 120.61
>Take Profit: 133.3
WMTToo far too fast for WMT? Tried to break out of the channel dating back to July 2012 but failed. 3 bar play on weekly triggers below $120.78. Targets below that could get hit this year if it plays out.
Wallmart, The end of quarantine and tability for 2020 !As quarantine will be closed step by step Walmart will stabilized in 121.29-114.17 range during 2020, T1 trendline is the most important support.
WMT - Walmart - keep the eyes on this Big move incoming here for Walmart
the patter is completed. It looks like we have a massive H&S.
The earnings can be a game changer on this stock. The date is approaching to report earnings and although people are buying more the operational costs have also increased which means the earnings might not be as positive as some people expect.
If we see bearish movement increasing we can possible break the H&S and have a really good margin for profit shorting this.
WMT slow rise to earningsHere's a lot more info technically that can help.
Le me know if you think it's going to drop. I think we're at a pivot and will start to rise from here
WMT Following the linesEarnings should be good. They never close.
This is confirming my last report.
WMT SLOW PICK UP TO NORMALCheck out my previous post on Walmart. Proving true.
Based on the trend (green dotted lines) we're in the normal range of where Walmart should be right now.
Earnings is coming up and should continue to rise into it.
Recently announced 2 hr delivery service (definitely will boost the company)
This analysis is trying to ignore the major volatility.
WMT L (MAKE SURE U LOOK 2 C IF ANY CHANGES HAPPENED OVER THE WE)I TRADED WMT USING VERTICAL CALLS, REGULAR CALL OPTIONS & I PLACED AN "ITM" CALL OPTION AT 3:30 PM TODAY FRIDAY AND WHEN THE TRADING SESSION WAS OVER I WAS UP $67 WITH ONLY 1 CONTRACT. WALMART, ALTHOUGH A RETAIL STORE IS DOING EVERYTHING POSSIBLE TO MIRROR AMZN - THE ONE MAJOR DIFFERENCE WALMART IS CHEAPER. 98% OF THE STOCKS WERE DOWN TODAY INCLUDING FANG AND MS STOCKS, WALMART WAS UP!
Bounce from Channel SupportCould see a bounce from this channel support level.
Oversold on Stochastic. The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines).
Still has strong fundamentals for the time being, going into earnings in a couple weeks.
Stop at $120, Target Profit at $132 means Risk/Reward of 1:3
Thoughts?
Potential strikes at WMT create opportunities for CALLSJust a prediction but last time there was a strike it still didn't affect sales (Black Friday Strike). They recorded record sales.
Earnings in the middle of the month to hit the $125 -$130 range or more but will most likely fall again 1-2 days after earnings.
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly
last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green
but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range
also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle
it seems like we are headed in that route especially after Walmart's huge sell off recently
i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times
there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
Walmart Bull trap.POTENTIAL BULL TRAP ALERT!
False Breakout in WMT in progress. Long term target 70$/per share. Define your risk accordingly.
Walmart Gap - Miercoles 29-04-2020Una opción a corto plazo, para tradear, Las acciones de walmart crearon un gap bajista el día de hoy, teniendo en cuenta la situación mundial economica social, wmt puede incuirse entre las beneficiadas a la pandemia. Por lo cual la cobertura de este gap es inminente. El período de tiempo que vemos es de 2H,y la cobertura no debería tardar mas de 1 semana.
WMT End of cup and handle. New support confirmed New support found at 127 after cup and handle. .5fib at 140. Original move up retracement of $25
Engulfing candles and Reversal opens - strong signalsFirst let me caution that these are strong signals of a potential stock move. You still need another reason to enter a trade.
Engulfing candle in this yellow box is bearish. Stock must trade below its low in order to trigger puts entry. Same with bullish engulfing candles - the next day or two should see a trade above the high to trigger buying (or calls).
There is a reversal candle open in red box, also very bearish. Reversals happen when the opening price is lower than the previous day's green candle open (bearish) or higher than the previous day's red candle open (bullish).
Looking at this chart, and at 30min as well, what price targets would you set and which option would you buy? write it down and see what happens... or trade a small position (after identifying stops)
