WMT has finally proven that a base is now in place by doing the following;
1) Price has managed to peel away from its weekly lower bollinger that was constantly being violated
2) Price put in a long tailed doji below the Sep 2014 lows and managed to trade up towards $74
3) After being faded back below this level once again the price has managed to reverse back above it AGAIN which is essentially a false break and trapping the shorts below it.
On this basis WMT is a buy
1) Price has managed to peel away from its weekly lower bollinger that was constantly being violated
2) Price put in a long tailed doji below the Sep 2014 lows and managed to trade up towards $74
3) After being faded back below this level once again the price has managed to reverse back above it AGAIN which is essentially a false break and trapping the shorts below it.
On this basis WMT is a buy