jamison.gaddy

Showing signs of accumlation $77 price target

NYSE:WMT   WAL-MART STORES INC
WMT
41 4 3
wmt
WMT             is showing signs of accumulation. We can also see below that buying demand remains present while cumulative selling pressure is contracting. Price discovery is not trading high with much ease as we resistance because of possible longs trapped in last August positions and new shorts entering.

Volume is contracting so I suspect prices will pullback again to $69. If buyers are present WMT             should continue to $77

Good Luck!
Interesting chart. I have a zoomed out version showing a re-accumulation lasting more than one decade.
Reply
agunther agunther
Hm, chart didn't attach, trying to post link to chart:
https://drive.google.com/file/d/0B6M1Ys32TM9haVlzU01TZ1FpLXc/view?usp=sharing
Reply
I like what you're looking at. I just posted a long term chart that I was unable to insert into this conversation. I'm interested in your thoughts. Have a great weekend!
-Jamison
Reply
agunther jamison.gaddy
Thanks. I hadn't seen this (new to TV). I replied.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out