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StockBoardAsset
Oct 5, 2015 12:58 PM

+1000 bps Potential from simple balance-> imbalance Long

Walmart Inc.NYSE

Description

Simple market profile has uncovered a balance area in WMT in the low 60s with a maturing distribution b shape. This could mean an imbalance to the upside is near if the long term timeframe steps in. Long term timeframe would have to feel that prices down here are advantages. On an overlay perspective price has bounded by an descending channel spanning from early 1Q15. Recent in the balance price has successfully tested the centerline and on an imbalance could see 1000 bps as LVNs persist via 70.90.
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