Approximately 892,000% in 48 years. Or 18 583% per year. Or 1548% per month. Or 67% per day. And yes it is not Bitcoin. This is a super Walmart Corporation. COINBASE: BTCUSD NYSE: WMT
The 3rd wave lasted 24 years and brought a huge return to its investors. Let's get to the point, what is happening now and where are we?
In our opinion, the 5th wave began...
Made a weekly trade on WMT, as writing this we seem to be breaking through $126.
- WMT $123 Put 5/22 @ $51 per contract.
Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out).
Do not trade this, you will lose money.
Stock Symbol: WMT
Out of all the blue chips, walmart looks the strongest.
Good old Wally world holding up like a champion.
Diversify and use 5% stoploss
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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 is approaching our first support at 87.23 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 93.14 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching support and...
Walmart's earning reports are due within a week and they are coming up as close competitors to Amazon. They recently acquired Flipkart in a needy but brilliant move to try taking more control in the emerging e-commerce market. Given that they were positively skewed to the left and are now facing a negative correlation, it may not look good. However, the recent...