WMT Ascending Triangle tradeMassive ascending triangle forming. You don't want to miss out on this one
I would wait for a few more days to see if it is following the pattern. If it stays in the pattern until mid-late January, it will breakout hard to at least $150 if not even higher.
Just keep watching the chart. Don't act on emotions, don't act recklessly, don't be rash. I am personally going to buy calls if the pattern holds until Jan 20.
This is not financial advice, I am not an investment advisor, these are just patterns I see.
Calls
$FB | WEEKLY WATCHLIST 12/20$FB 1D
Beautiful weekly falling wedge. Expecting a slight dip into my buy zone before absolutely taking off.
$BABA | 12/13-12/17 | Watchlist #5 $BABA +126
(Over $126 for calls)
Technical analysis: Bull flag breakout
News catalyst: "Alibaba Group Holding Limited (NYSE:BABA) hosts a two-day virtual Investor Day event with senior management scheduled to give talks. BABA has traded with extra volatility the day of and day after prior investor days."
$LOW | 12/13-12/17 | Watchlist #4 $LOW $260 bounce
(Bounce off 260 for calls)
Technical analysis: Bull flag breakout on the hourly chart
News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap with Home Depot (NYSE:HD). Shares of Lowe's jumped 6% last year after the event featured some strong guidance." - Seeking Alpha
$LCID | WEEKLY WATCHLIST 12/13$LCID 1D
Last week, we saw Lucid sell off on senior notes offering news. Bouncing off the GP, we may see potential bottom here. Wait for smaller degree wave 1-2 form first (green path) for some better confirmation. Also included a fractal path to note labelled in blue...