WMT - Targets based in Fib and Charts

Market direction is completely based on what happens to Tax Reforms Bill. If it doesn't get approved...then WMT will go into $70+. If it gets approved then possible targets are as mentioned in the charts.
Most of the stocks are in overbought position. After tax bill gets approved they will make a big jump and then quickly enter into a minor correction stage.

Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.

評論:

Trade is still active.
Long Term - HODL
Short Term Trade - Based on daily price momentum I think it will reach $108 in 3 weeks time. There is a price divergence with MACD (negative). I would buy it at this level for a target of $108 with a Stop loss at $96...a risk reward of 1:2.

評論:

Target 1 achieved. If the overall market momentum continues then it is more likely to hit second target in two months time frame at max(most probably it will hit before that). Everyone is focusing on AMZN and ignoring efforts of WMT on increasing online and offline traffic. WMT is also getting rid of its businesses which are not in profit. I am more positive that WMT earnings will trigger stock price much higher.

手動結束交易:

WMT's guidance (future earnings) is very bad. The price most probably will retrace to $95 (50% of Range Expansion). I think that is a good price to buy for long term investors.
For trading purposes...I am using strangle (options) to benefit from volatility of the market.
Overall market is very concerned about yields (bonds) and is indecisive (I think) right now. Day trading or Long Term investments are better in this situation than short term trading.