Quite a few alerts have gone off this a.m. and although I'm not a fan of morning trade and volatility, you should be aware of where WMT is now in relation to some of the proposed entry options.
Monday, March 19, 2012
WMT Follow Up
The last substantial update for WMT with the different entry options was Friday here....
Quite a few alerts have gone off this a.m. and although I'm not a fan of morning trade and volatility, you should be aware of where WMT is now in relation to some of the proposed entry options.
A break of the 60 min Trend Channel was one option which started Friday near the close and is below on the open today. This was one entry option being a stop could be placed nearby above the recent highs.
The Second option was a move back inside the bear flag which we are seeing today as well. The daily chart shows a bearish Engulfing pattern at the yellow arrows and a break inside the channel at the red arrow. The last entry is a break below the bear flag.
Quite a few alerts have gone off this a.m. and although I'm not a fan of morning trade and volatility, you should be aware of where WMT is now in relation to some of the proposed entry options.
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