Walmart is likely one of the best dip buys out there right now. I expect more downside in the following weeks, but soon walmart will reach a wave 2 bottom, and be in a wave 3 of a 3. Rippy time from there.
I am a buyer even now, dont want to miss this one, even though I think we could head a little bit lower. Here I see walmart going down to test the channel uptrend line and backtesting the 30 week MA breakout (best time to buy a stock btw). After that I think we kiss and run. I see a PT of 160+ as we go up to test the upper channel line by early December.
Ideas on this one: 155c Jan or further out on buy them on weakness. Stop here would be on channel breakout to the downside
I am a buyer even now, dont want to miss this one, even though I think we could head a little bit lower. Here I see walmart going down to test the channel uptrend line and backtesting the 30 week MA breakout (best time to buy a stock btw). After that I think we kiss and run. I see a PT of 160+ as we go up to test the upper channel line by early December.
Ideas on this one: 155c Jan or further out on buy them on weakness. Stop here would be on channel breakout to the downside