As WMT nears long-term trend low (1 yr) its Vortex Indicator nears intersection. Perhaps this signals a very-close rebound.
Nota
One might say there is also a descending triangle developing...So there seems to be a convergence of signs of a rebound. At the same time, my bullish attitude is flagging with this week's dismal performance, so far. Overhanging is concern of how long this historic bull can keep running, hopefully causing me to overweigh an 'at any moment' worry about crashing. While my posted ideas are all optimistic, I'm skeptical on investing a lot of hope on long positions. I've never been a short trader until after the Feb correction.
Nota
The descending triangle tightness up... A descending triangle has a 64% chance of breaking out downward, according to: finvids.com/Chart-Pattern/Triangles
finvids.com/Content/Images/ChartPattern/Triangles/Descending-Triangle-Breakout-Direction.jpg
Nota
This idea took a big hit right after it looked to be breaking upwards (as I bet) after news broke of a lawsuit against Walmart for illegal activity. Out of the blue! marketwatch.com/Story/walmart-sued-by-former-executive-alleging-unlawful-conduct-in-e-commerce-reports-2018-03-15
Lots of people rushed to sell, but there's a swift in-flow of buyers...
Nota
WMT sure showed break-out energy nearing the triangle's apex, and in both directions... Especially fascinating how long-term support was like a safety railing that falling price grabbed and pulled itself back up by. It's from the long-term support line that the bulls regain control, charging upwards. Will be interesting to watch this week.
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.