#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net.
Also, we can observe a rebound on that RSI's oversold lower band (30).
This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart.
Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day.
Opening position: USD 145.95.
Stop loss: USD 144 (-1.30%)
First price Target: USD 153 (+5%)
Risk-Reward ratio: +3.91
(GOLD futures are already reacting positively on Sunday's night)