WMT Follow Up

WMT is a trade idea we have been following, here was the last update from last week

From the last update:

"WMT had a few intraday head fake moves above the bear flag that sent it lower the next day, yesterday was the latest, but the close wasn't below the lower trendline. Just like looking at the AAPL intraday head fake that sent AAPL lower by -2.2% vs the GLD daily closing head fake that sent GLD lower by -5.3%, the stronger the head fake move, the stronger the reversal move. So watch for WMT to hopefully post a stronger, unambiguous move above the trendline."

 That's pretty unambiguous...

 I would prefer to see a confirmation move back inside the flag, if you are more conservative, then a move below the flag lower trendline.

 3C on the breakout from the flag...

For those who are playing weekly options, WMT is listed at the CBOE as a stock with weekly options.