Walmart about to reach a higher low

2020년 10월 13일

Walmart is cruising into earnings, however we are on our way to hit a higher low. I believe some point this week WMT will hit $143 a share. Here's the technical analysis that explains why.

RSI: Relative Strength index is at 60 and an average for Walmart is close to 55. With the high RSI we can see price decrease as investors are seeing Walmart being overbought.
MACD: Shows that there is growing bearish divergence, bears are getting stronger meaning they might take more control of the stock price.

My plan?

My plan is to buy Calls on the dip. I am going to purchase 12/18 Call for WMT to be $150 a share.
Follow to see my trades, and give a like if you see Walmart growing, and part of growing means hitting higher lows.

Comment your thoughts on my analysis, I would love to be critiqued.