This is a personal publication that I am posting public for those who are following me and watching my account grow.
There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point.
Since we are in a bull market, we should expect Walmart to rise the remainder of the year.
Why do I think there will be a small drop in the short term?
High RSI: 65
Bollinger bands about to cross at a high point indicating a sell signal.
Growing bearish strength on the divergence indicator.
MACD: Showing weakening bullish divergence
Candles are also moving down closer to the Moving Average
As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money.
Stay Tuned for updates!
There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point.
Since we are in a bull market, we should expect Walmart to rise the remainder of the year.
Why do I think there will be a small drop in the short term?
High RSI: 65
Bollinger bands about to cross at a high point indicating a sell signal.
Growing bearish strength on the divergence indicator.
MACD: Showing weakening bullish divergence
Candles are also moving down closer to the Moving Average
As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money.
Stay Tuned for updates!