WMT benefits from consumer confidence LONG

NYSE:WMT   Walmart Inc.
WMT may be benefiting from the potential suspension of federal rate hikes potentially

giving consumers more buying confidence and maybe a stabilization of credit card rates

as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP

bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th.

Price had descended to the third deviation green lines below the mean VWAPs zone ( black

lines) but has now ascended to the first deviation blue lines below the mean VWAPs.

WMT is in an early VWAP breakout at this point as price approaches the mean VWAP.

The MFT RSI indicator of Chris Moody shows both low and high TF RSIs now above the 50 level

and the low higher than the high demonstrating bullish momentum. The zero-lag MACD

is also confirmatory showing a line cross under the histogram on July 11th.

I find WMT suitably set up for a swing long trade. I will seek out the best entry on the

15-30 minute time frame by identifying a privot low from which to enter. The target

is the red second deviation lines above the mean VWAP zone at $158.25. A call options

trade would be for $157.00 with a 9-10 DTE.

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