Following a breakout from a falling wedge a daily Parabolic switch will trigger long positions.
Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.
Good Luck!
Looks like a rounding top. 200dma near bottom of the gap and 50wma is also near that area. Dollar strength is likely the culprit here. If pattern fulfills, it's going back into the "box."
A series of contradictions occur on Wal-Mart.
On the weekly chart, price stands at the Wave, but has not tested the strong support at 80$. The impulse is still red, and the Force Index is not yet in an oversold condition.
Looking at the daily, the situation looks better here. There is a false breakout below the last swing low, and it looks like this area could...
Likely to close that Gap.
I'm starting to see that big ol household names are good shorts. $WMT, $COST, $HD and such.
Sporting high P/E and not much growth. And how safe can they be, they're equity after all.
First lets see the weekly chart:
Price reached 1.61 fib extension at all highs. Bollinger band duplication suggest a pullback.
Looking at daily chart, the trendline crossover is our confirmation to short.
Happy Trading.
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
#my day trading skills are pretty bad so trying to get back to the fundamentals and work my way up. Using a fibonacci extension, and a downward bias consolidation triangle.
10 years chart of WMT looks pretty scary. The last time WMT gained as much as it did in November 2014 was in December 1999. In the midst if the last leg of dotcom bubble. As you can see back in 1999 it quickly gave back those gains and then some.
Now, I am not saying we are in a bubble now. But WMT has moved too far, way too fast. The comparison with the bull...
WMT has been in a trading range for almost a year. Then yesterday, on earnings, price gapped up - breaking previous resistance. How good a buy opportunity is this?
On the weekly chart the 50ma is flat - this gives an indication that the trend is flat. After a year of no trend it would be far too early to get into a long-term long position. While price is bullish,...
With refer to my earlier post on XLP, financial news keep broadcasting a "break out" in WMT.
But i cant find the "break out"
I suppose the last two candle on daily chart.
Yes, it is a (MOMENTARILY) break out
Price attempted to break out of the red channel but was pushed all the way back from 79.37 and close exactly on the channel top. Of course, it might break...
Weekly IHS here, but at the top of the bands, which has been clear resistance during this long consolidation. Price has "climbed the bands" when it's trending, so the question is, will this be a trend b/o out of consolidation or is more back and forth action in the cards. More notes on chart.
Nice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier...
I put this chart together to demonstrate how you can use TradingView to get a long term perspective of a company by looking at the important factors all on one graphical page.
First, there is the stock price, which you can see went sideways from 1999 until 2012 (13 years sideways).
Second, there is MarketCap, which shows WMT was worth roughly $300 billion back...
Notice how portfolio managers seem to buy when WMT hits a PSR of 0.50.
Perhaps sellers stop selling too, of course. But look at all the red boxes. Those are PSR of 0.50 and below.
Risk appears to be very minimal to buy in the zone when PSR is less than 0.50.
Tim 11:46AM EST 8/19/2014 74.58 last WMT
PS - If you couple this with the "key hidden...
