WMT nearing rebound?

アップデート済

As WMT nears long-term trend low (1 yr) its Vortex Indicator nears intersection. Perhaps this signals a very-close rebound.

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One might say there is also a descending triangle developing...

So there seems to be a convergence of signs of a rebound. At the same time, my bullish attitude is flagging with this week's dismal performance, so far. Overhanging is concern of how long this historic bull can keep running, hopefully causing me to overweigh an 'at any moment' worry about crashing. While my posted ideas are all optimistic, I'm skeptical on investing a lot of hope on long positions. I've never been a short trader until after the Feb correction.

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The descending triangle tightness up...

A descending triangle has a 64% chance of breaking out downward, according to: finvids.com/Chart-Pattern/Triangles
finvids.com/Content/Images/ChartPattern/Triangles/Descending-Triangle-Breakout-Direction.jpg

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This idea took a big hit right after it looked to be breaking upwards (as I bet) after news broke of a lawsuit against Walmart for illegal activity. Out of the blue!

marketwatch.com/Story/walmart-sued-by-former-executive-alleging-unlawful-conduct-in-e-commerce-reports-2018-03-15

Lots of people rushed to sell, but there's a swift in-flow of buyers...

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A roller coaster day for WMT! A strong breakup, followed by a dramatic breakdown (due to the whistleblower news), followed by a quick recovery back up to a hair's breadth from the starting point!

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WMT sure showed break-out energy nearing the triangle's apex, and in both directions...

Especially fascinating how long-term support was like a safety railing that falling price grabbed and pulled itself back up by. It's from the long-term support line that the bulls regain control, charging upwards. Will be interesting to watch this week.

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It looks like WMT wants to take off, and it did break out upside of the triangle, but, alas, broad-market volatility has been wreaking havoc on a weakened WMT...