WMT gapped up after earnings and continued momentum after a couple of other retail earnings beats. It has created quite the gap volume gap below and I think we fill it rather soon. Acting weak relative to the market the past couple days. Volume seems to be dying as uncertainty lingers. WMT in the recent past hasn't reacted bullishly after earnings.
Kommentar:
This played out nearly exactly as I was thinking. I took profits on my short position as I think once it nears the bottom of that purple box its likely to see a bit of choppy support. More of a quick hitter type of play may look to swing short here based on the price action the next couple of days.