Buy Walmart here or anywhere in the magic green window, and you'll need no other retail play for the rest of the year.
WMT dropped 10% from the 200 MA in the March 2020 crash. The 10% drop from the 200MA sits around 122$.
The green box in the chart is a critical support area. Walmart has only gotten bigger in 2020 and continues to get bigger in 2021. Walmart+, fintech and banking services, plus leading the way with setting higher minimum wages this year before it is passed into law. This is a market leader.
If you're worried about a market crash at the moment and think Walmart is going to perform like Amazon or some of the other sexier overvalued e-retail players will in 2021, think again. Walmart is your safest bet in my opinion.
Good luck trader!
WMT dropped 10% from the 200 MA in the March 2020 crash. The 10% drop from the 200MA sits around 122$.
The green box in the chart is a critical support area. Walmart has only gotten bigger in 2020 and continues to get bigger in 2021. Walmart+, fintech and banking services, plus leading the way with setting higher minimum wages this year before it is passed into law. This is a market leader.
If you're worried about a market crash at the moment and think Walmart is going to perform like Amazon or some of the other sexier overvalued e-retail players will in 2021, think again. Walmart is your safest bet in my opinion.
Good luck trader!