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.
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agunther agunther
Hm, chart didn't attach, trying to post link to chart:
https://drive.google.com/file/d/0B6M1Ys32TM9haVlzU01TZ1FpLXc/view?usp=sharing
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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
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agunther jamison.gaddy
Thanks. I hadn't seen this (new to TV). I replied.
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