WMT Daily Bull Div Presents Buy Opportuntiy

31 mag 2018

WMT bull div presents buying opportunity. WMT is 25% below all time high, a pullback that has occured with little or no upward mean reversion. Following our MACD and RSI bull div on the daily I expect to see some upward mean reversion here. A tight stop presents itself below local lows where there is very little volume. Target is 23% FIB/daily volume profile node OR just hold it forever since WMT is pretty safe stock.

7 giu 2018

Trade attivo

Entry @ $82.73

8 giu 2018

Nota

Significant resistance at horizontal level, 62% fib, downward trendline. We got a daily wick above that trendline but failed to close above it. Red circle represents where significant resistance was. Holding to original plan.

22 giu 2018

Nota

Nice daily close above trendline. Should see some longs entering in within the next 4 days and a push up.

27 giu 2018

Nota

WMT touche down today on daily volume profile node. TPs on the upper side of daily volume profile node. Only argument for TP early is bear div on 1 hour time frame. Will wait for original TP.

2 lug 2018

Nota

WMT looking like a decent dip to buy when it gets close to that trendline I am holding WMT long since bull div

17 lug 2018

Trade chiuso: obiettivo raggiunto

Win @ 88.53. Active 47 days. Result 6.89% win.