Walmart approached long term resistance today and instantly dropped which obviously isn't a great sign...BUT I think its been holding this support zone pretty well for the past couple of weeks which IMO is fairly bullish.
I think WMT could attempt to fill the gap at 143 but on the event that it doesn't hold this zone, I will be shorting this stock back down to...
WMT 1HR CHART...
WMT looking nice for a recovery play to retest ATH and a nice gap fill to the upside. In a steady up trend channel looking to retest that downtrend resistance line and a possible breakout to fill the gap, also currently in a bull pennant, look out for a gap up and retest for an entry if it does.
WMT exp: 01 Apr 21 @ $136.00 Call
Target 137.00 - 140.00
Stop loss: 50% of the premium
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This is not a recommendation to buy or sell.
Based on the chart I had from last week, WMT is following my prediction so far.
Nice dip today to filter through any weak hands and opportunistic. Based on the volume pick-up going into EOD, I'm seeing bullish signs towards the next fib level with a price target of$138.
Like and comment if you agree.
Walmart Inc. participates in retail and wholesale operations in various formats around the world. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club.
The retailer's growth strategy so far has led to its US sales growing about 8.6% in the past year, according to its fourth-quarter earnings report last month. Net sales...
This is not a recommendation to buy or sell. Please do your own DD, this is an idea of what I think is going to happen.
WMT MACD on the daily just crossed the signal line. Volume has been increasing the past 2 weeks.
1 week Price Target = $138
2 week Price Target = $140+
Like and comment if you like this idea!
Buy Walmart here or anywhere in the magic green window, and you'll need no other retail play for the rest of the year.
WMT dropped 10% from the 200 MA in the March 2020 crash. The 10% drop from the 200MA sits around 122$.
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+,...
Long term this stock has plenty of room to make it back to the highs, which I believe it will by the end of 3rd quarter, and as it builds out its e-commerce and digital ad's business further, investors will see the true potential of Walmart as a platform and not only as retailer.
This stock is recovering from its shorts and we may see a bull back for a more bullish race. The pull back will confirm the buy for me. Buying now may be risky. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
Open short idea RUKU.
From 413$ to 380$ (+8% gain).
Reasons - new TV sets and sticks will decrease quartal to quartal due to previous highs jumps in sales in covid lock-downs period. Now who wanted to buy TV or stick mostly done this, and future sales will decrease in post-covid reality.
Also there is few ideas to short, TESLA, NIO see below.
UPDD: NIO has...