Rush Street Interactive

$Walmart(WMT.US) daily start with price and note yesterday doji. Doji's are an indecision stick and potential reversal stick after a trend move higher or lower. (A side note: In the middle of a base I think doji's are just noise. The trend is important to me when It comes to doji's. A doji must be confirmed by the next days stick. The closer to close the more 'real' the confirmation is. Today price opened (116.57) below yesterday close (116.79) and at this moment in time is still lower than yesterday close/doji close. This confirms the temp top and price is likely to move lower. How much? No one knows only time will show us. Now note the RSI hit overbought and then put in a negative divergence with yesterday higher high. Another signal that price may be at a temp top. the MACD is elevated and needs to unwind. Note in 6 months the 3 reading is high. I am not saying short this strong name. I am saying this is where one would take a little off and inch up stops expecting some sideways to downward action to unwind. First up for basing/pull back is 10ema, then 112 area, then climbing 21ma, the 109.35 area all levels to see for basing/pullback/unwinding action. Daily chart.

Source: Sunrise Trader

$Walmart(WMT.US) weekly we are early in the week but note the red stick indicating a temp top on the weekly at elevated RSI. Note that since my buy in Dec 2023 price has ridden the 50ma and the 21ma. Since the pullback in April all pullbacks/basing price has held at the 21ma weekly. So this gives us another level to watch for basing. Also note the strong volume the last 4 weeks have had so this again gives us an idea that a pullback might be shallow and the 21 might hold on the weekly as this gives the daily plenty of room to unwind. I also put a stochastic on this chart to show that it is turning south and has yet to put in a bear cross. Prior times when it gave a bear cross with temp top sticks it pulled in to help unwind. All the while the 21ma held price with the exception of April and that is where you can see price caught on the 50ma and stochs put in a bull cross buy signal. Price is what pays and indicators are secondary but can help confirm what price is/isn't doin. Only use them if they help you. Many get paralyzed by them and if you are one, then take them off your chart and follow PRICE and candle action.

Source: Sunrise Trader

$Walmart(WMT.US) gave us an indecision stick yesterday and falling back today confirms. RSI neg'd and MACD extended expecting some pullback and basing to unwind. I have adjusted my let it ride stops up a bit but still giving lots of room.

Source: Sunrise Trader

$Tesla(TSLA.US)

With Tesla’s Q3 earnings report just around the corner, I’m approaching this one with heightened caution. Here’s my breakdown of what I’m seeing both technically and fundamentally — and how I’m planning around it.

🔍 Technical View: Key Resistance Ahead

Tesla is currently approaching a major resistance zone between $480–500, which has acted as a psychological and technical barrier. I’ve seen strong momentum in recent weeks, but RSI and other momentum indicators are flashing warning signs of overextension.

Unless there’s a clear upside catalyst from earnings, I believe we’re more likely to see a near-term correction, especially if results are in line or only slightly above expectations.

#Tesla Q3 Earnings Report: What’s Your Move?

$Tesla(TSLA.US)

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