stockmankam

WMT GAP FILL OR BUST?

NYSE:WMT   Walmart Inc.
Walmart approached long term resistance today and instantly dropped which obviously isn't a great sign...BUT I think its been holding this support zone pretty well for the past couple of weeks which IMO is fairly bullish.

I think WMT could attempt to fill the gap at 143 but on the event that it doesn't hold this zone, I will be shorting this stock back down to ~120.

Look for a close under 137.85 before loading up on puts and short positions, I would also consider long dated monthly contracts.

If it can break the resistance... we will see ATHs again!

Happy trading!
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