Notice how portfolio managers seem to buy when WMT hits a PSR of 0.50.
Perhaps sellers stop selling too, of course. But look at all the red boxes. Those are PSR of 0.50 and below.
Risk appears to be very minimal to buy in the zone when PSR is less than 0.50.
Tim 11:46AM EST 8/19/2014 74.58 last WMT
PS - If you couple this with the "key hidden...
We note that price has been trading along bullish uptrend line, from Aug 2011 to May 2013. However price has been consolidating sideways since June 2013 until now.
We note a possible Diamond Top Formation close to breaking out. The breakout will likely happen after price manages to trade and sustain below 75.00.
The objective of the pattern will be to reach...
Wal-Mart was out of play for a while, but now after it broke its down trend line and flagging above 200 EMA in tight pattern, it looks ready for a move higher through $77.50. Breka and close above will trigger my entry long. Maybe we will see this retailer back to $80ish highs. Not ready yet, still needs a lot to prove.
A possible long position in WMT in the near future, upon confirmation of bullish trend - (price above Ichimoku cloud, MACD, MA's or your own chosen set of indicators).
It's a well-known consumer brand that pays a high dividend and there has been recent positive publicity relating to this stock in popular financial press - www.fool.com
DYOR.
Wal-Mart has lagged the market (S&P500) and could be about to play "catch-up" since it has fallen into a pattern that implies that sellers have been blowing out of their long position and the psychology around the shares should be nearly completely bearish. The persistent lower-lows and smaller bounces puts bullish market participants into a daze of...
Wal-Mart has drawn my favorite pattern, a diverging double bottom with a false breakout in an uptrend. I have a buy limit order at 75.66$, stop at 74.60. Target is at 79$, allthough depending on how the indices play out, I might take profits at 77.50$, if I get scared.
Buy limit got canceled automatically because it was a day only, so I had to enter manually. Did...
Traditional Technical Analysis would expect a pullback to the old resistance now new support around the $72 (0.75 fibo) handle.
A wave advance breaking out of the larger degree channel. Channeling is a very simple but powerful technique when used correctly and it enhances the Wave Principle greatly. WMT should push up higher before another pullback.
The break of...
WMT has now had two weeks of closing below
the Alligator Jaw- Blue line.
Walmart is guiding lower and has said it will be'
hit with reduce Food Stamp revenue recently slashed
by congress. I will be using June Put Debit Spreads
My stop will be near the alligator. Retail in general is
weak as there is some contraction in spending
Dashed lines are support and resistance.
EMA's are turning down.
If EMA's cross this uptrend will be over and I would expect a consolidation phase to follow.
