TradingView
TradeandGrow
Aug 17, 2022 3:40 PM

WMT bigger picture Long

Walmart Inc.NYSE

Description

Looks like a typical cup and handle right now. The EA was good, even with this high inflation. If we consider this was really the peak of inflation, the consume will recover then if not we could see another down turn for the retail sector. But even though with high inflation WMT positioned itself in a very good state.
(For example, reducing supplier costs to keep the products as cheap as possible, also they develope the own internet platfomr even more.)

I see a possibility to see the $150+ level again
More