Walmart, Hourly Wedge Pop
So, to start off, Walmart is currently a stock in one of my backtested strategy's that does about 0.16% per day on average.
The setup is clearly a wedge, and I'd kinda expect it to pop in a day or two here. When WMT moves it tends to do so explosively after a week or so of consolidation, so it's actually a really nice setup. If it doesn't move in a day or two I'll redefine a range and wait for another breakout. I think when it does break out it'll move a few percent in a week. My stop will be either a new low of the range, or a failure to breakout tomorrow.
The setup is clearly a wedge, and I'd kinda expect it to pop in a day or two here. When WMT moves it tends to do so explosively after a week or so of consolidation, so it's actually a really nice setup. If it doesn't move in a day or two I'll redefine a range and wait for another breakout. I think when it does break out it'll move a few percent in a week. My stop will be either a new low of the range, or a failure to breakout tomorrow.
Nota
Got out, this stock could very possible just go sideways for a bit, Id rather not be in it atmNota
Got back in after the breakout, im done trading for today
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.