Trading Central

4/28/2019 Wal-Mart ST: gap

by admin April 28, 2019 1 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup

Our pivot point is at 98.3.

Our preference:the upside prevails as long as 98.3 is support.

Alternative scenario:the downside breakout of 98.3 would call for 96.4 and 95.3.

Comment:the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 100.6 and 99.45). Wal-Mart is currently trading near its 52 week high reached at 106.21 on 12/11/18.

Our key levels:

PivotLast
98.3


101.53


ResistancesSupports
108
106.8
105.7
98.3
96.4
95.3

Cảnh báo về Rủi ro: Tất cả Các phân tích, dự báo xu thế chỉ mang tính tham khảo, Bạn nên được tư vấn bởi các chuyên gia khi thực hiện giao dịch, đầu tư vào thị trường tài chính nói chung. Cảm ơn bạn đã theo dõi.

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

A
admin
Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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