peterbokma

WMT-SELL strategy

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NYSE:WMT   Walmart Inc.
The guidance had come out and we traded below 119.00 coming from 132.00. This was a gap down, and the three day rule, plus we are already NEW MOON phase, suggest likely a move to test 117.00 support line.

Strategy is SELL current 121.50-122.00 and take profit near 117.00. Re sell if confirmed broken below 117 as we would be going enroute 103.00-105.00.

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