BY LICIA LESLIE
June 9, 2024
Hi Shoppers,
Friday’s action in Walmart (Ticker: WMT) created on big red bearish candle:
AND it is at the top of the pitchfork.
Very bearish.
Looks like it could trade down to $64 and possibly $63.20.
The Jun21 66 puts look like a nice purchase with an implied volatility of 13.12:
Use a close over $66.80 as your stop loss.
Trade Review
Roaring Kitty was trumped by the Gamestop (Ticker: GME) company announcing earnings early and offering new shares of stock.
Even his first live appearance in three years couldn’t rally the stock.
Will be interesting to watch where this one goes.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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