JamesMBee

JamesMBee

5 star setup take it if you want a low risk trade.

JamesMBee Updated 

This thing has been falling for 4 weeks non stop. Its quite standard for market crashes to last this long (see covid, and a bunch of other dow crashes in the early century) and the stock has started to go up. Could be wrong, but thats what stops are for.

JamesMBee Updated 

So, to start off, Walmart is currently a stock in one of my backtested strategy's that does about 0.16% per day on average. The setup is clearly a wedge, and I'd kinda expect it to pop in a day or two here. When WMT moves it tends to do so explosively after a week or so of consolidation, so it's actually a really nice setup. If it doesn't move in a day or two...

JamesMBee

This could turn into a perfect flag that consolidates around the top of it's range and then breaks out. It's really nice, keep it on your watchlist for sure.

JamesMBee

I honestly cannot find a better opportunity in the market than LABU currently. The ETF is XBI*3, which has demonstrated some major cyclicality and is currently selling below it's 2015 highs. My analysis is as follows: Record volumes on LABU specifically, but more or less XBI too. This implies we've hit a level of importance. It's quite clearly been...

JamesMBee

Im bullish walmart, it seems to go through these types of cycles. Also, the worst expectation from analysts for this firm is 135 -- where its at.

JamesMBee

Basically, I know nothing about TA. This stock has done this type of thing repeatedly, it wouldn't surprise me if it rises significantly over the next few days. I included a take profit and stop loss rule. I'm not as confident that this stock will be one to rise over the next few weeks as I am of Visa, which is why I have the take profit set to 4%. The analysis...

JamesMBee

Google tends to drop this much and recover. It seems like a strong buy.

JamesMBee

This stock has shown a tendency to bottom out for exactly 7/14 days. I'd personally strongly consider buying the 110 calls for 400$ (exp dec 17) on Friday if no move has happened by then so I could own the position prior to Monday. Naturally, don't actually do that. These are just my speculations.

JamesMBee

I mainly invest using backtested methods - my current strat expects visa to rise an average of 1.4% over the course of the next 7 days. Now that that's out of the way, I looked at the stock with literally no technical analysis knowledge and measured it's standard drawdown period. It's very common for the stock to drawdown for 7, 14 or 30~ days and then rebound...