TRADING TIPS

WMT Has an Open Window Lower

Hubert Senters here. Let’s take a look at Walmart, WMT. So it has rallied today into $90.52. There’s a little yellow line color turning line. So it is broken below the cloud and bounced into that. So I like that as a short that looks good and Walmart actually looks a little bit low. But it got a little open window here that’s been closed, got another open window down here and needs to be closed. So it’s got the potential to drop to $81.38. Currently right now it’s trading at $89.03. So we could maybe make points or something like that. It’s going to require you jumping in there on the short side, betting against it going higher in other words and figure out stop-loss and then your target could be in the area of $81.38 or you can also do it at the top of the window right there of $82.53. Good luck. Hope it helps. I’ll see you on the next video. Hubert.  

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