WMT has been beaten around lately after a report found they were mistreating a group of 178 female workers. After a gap down, more selling off, and then a rebound just above the widely used 200-EMA, it is now seemingly gearing up for a a bullish reversal out of an island reversal chart pattern.
Green line: island reversal trajectory Orange rectangle: Gap zone with necessary breach for bullish confirmation.
I would not enter a bullish position on WMT without seeking this confirmation first.
交易結束:目標達成
It entered the gap range. Profits were taken and positions are closed.