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Trade idea for Wal-Mart Stores Inc. (NYSE)


#WMT

The share is traded in the flat’s upper border span. The ascendant wave structure is truncated. Awesome oscillator indicates bearish trend, and Stochastic Oscillator indicates bearish divergence. The insider’s trading graph shows strong sell of the company’s managers and major investors.

Trade idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant wave structure.

Stop-loss is beyond the local maximum of the ascendant structure.

Target level: 135.27

Author: GC
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