A Double Signal

Hi Shoppers,

So here is the chart with the double top and a doji:

Are you able to guess the stock?

That’s pretty difficult when I haven’t even given you the price.

This is the Walmart (Ticker: WMT) stock chart.

It closed at $157.11 yesterday creating the confirmation needed to support that change in trend doji created on Wednesday.

The stock is also trading at the top of my pitchfork which usually denotes a pull back, also.

I think WMT will trade down to $154 from here.

 

Trade Review

I last talked about a rollover in Apple (Ticker: AAPL) and it trading down to $187. It has traded as low as $189.28 and I think it will still touch $187 before bouncing back.

In my opinion, Bitcoin (Ticker: BTCUSD) is still consolidating. A close below $30,000 will destroy my bullish theory.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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