Walmart has recently reached a resistance line of a rising channel on a daily. on 4H the market has formed a head and shoulders and broken below the neckline. I believe that now we can expect bearish continuation. initial target level is 110.0 second target is 104.0
Walmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly,...
WMT has been on a parabolic bull run, yet no trend can be observed it seems to be ‘running on steam’ This is supported by the CVI, with less money flowing into the nasdaq composite, hence momentum decreasing. OBV shorts and longs both increasing and volume RSI seemly absent for the past 46 years. The fusion I talk about comes in the form of digital currencies and...
it does about go on heavy , everyone knows this is a pig , but pigs can fly .. (never seen one personally ) , easy daily #trade for a couple hundreds + daily added up quickly for a weekly budget minded trader just sit there and check current balance in the bank .. (have shares long)
Parabolic breakdown from ATH is over Gaps filled 75-85 Mainstream euphoria is calming down FUD from Burger King Impossible lawsuit is a red herring Looks very good for a reversal, Small Company, Massive client & consumer base Market over reacted after the IPO bubble popped
Based on the divergence and slamming into a cluster of important fibonacci levels, I think a ≈5% correction is in the works. Looking for shorts at these levels and will look for longs in the boxed in area accompanied by other "buy signals".
Peloton has miraculously revitalized the Trend of In-Home Aerobics crap You all remember the 80s-90s when Mom and Dad spent a fortune on crap they only used for a year or less? Yep we are seeing it again, This time its with the Credit Card everything generations. Very big bubble, could inflate much higher - like Pot Stocks or Impossible Meat
Trend Breaking Down 1) Break 24hr Trend 2) Test Untested Weekly Support
NYSE:WMT We can see 130+ by the end of the year or the beginning of 2020. (Based on my opinion could be right or wrong , it's your responsibility ).
Looking like Walmart is going to break down to the second resistance into earnings then if it can support at those levels will likely get squeezed to new highs heading into the holiday season.
Rising wedge pattern with RSI bearish divergence & overbought stochastic. A breakdown in price can lead to a $115 price target which is a nice support level & 100% Fibonacci level.
Price on a big trend line and on AB=CD Area Can easily fall to the D point of the small ab=cd (yellow on the photo) Then even to retest the Triangle trendline (Blue in the photo) If price will make last up move we will short 2 at the Orange big AB=CD
After checking out some potential price levels on the short term over the next few months we can see that wal-mart has broke into a wave 2 trend continuation uptrend holding inside the bullish channel zone. 106.70 shows strong bullish reversal momentum with an impulse telling us "up is still in effect" and instantly took us above the 50% channel dashed...
Buy Side Institutions using Dark Pools have been intermittently selling off blocks of WMT over the past year. Meanwhile, corporate Buybacks have buoyed price to maintain a higher high trend.
WMT reversed off its resistance at 118.85 where it could potentially drop further to 110.15. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EQUITY UWT & WMT SEP19 WK4 Wkly. (Expires. Sep 27th) Become a Member & find more ideas signalclub.io/signals For Expired Signals signalclub.io/expiredsignals www.signalclub.io
WMT reversed off its resistance at 118.85 where it could potentially drop further to 110.15. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.