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vf_investment
Sep 20, 2021 11:24 AM

WMT long Long

Walmart Inc.NYSE

Description

Entry price: 144-145$
Target price: 150-151$
Stop loss: 142-143$
Bollinger bands: the price is approaching the lower band
Candle pattern: inverted hammer
Fibonacci retracement: the price is approaching 1 (144,43) level
Conclusions: Bollinger bands and candle pattern suggest a trend pullback. Moreover, the price is approaching the Fibonacci level, thus the long position is recommended with the stop loss under the resistance level.

No financial advice
Comments
Teebsa
Are you still long on WMT given that the recent dip was caused by overall market swings?
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