Another interesting pattern has signaled an end of the correction. After the Island pattern, we can see now a symmetrical triangle, formed near the trend line and the lower line is in a very good demand zone. It was confirmed by a breakout over it's upper line. This might get the price back to the tops, especially that the triangles target is at 76.21. The...
Clear Momentum shift.
Severe Money Flow Divergence.
Double top Pattern
Trend strength is low and DMi Cross is imminent
Bearish Sell signals will be triggered with a break below trendline.
Here is just another way to look at how nicely WMT is positioned versus the overall market. The recent wave of news pushed WMT down to a decent level and the recent linear-rally in the overall market (perhaps dragged up by technology and oil shares) has a reasonable profit-potential sitting on the table.
Upside: 5% in the next two weeks.
Risk: 5%.
By: ...
What I like about Walmart:
WMT has global diversification, a
recession-proof profitable track record,
steady growth, strong financial controls and
makes a far "safer" investment, in my mind,
than treasury bonds, notes or bills.
What makes Walmart unsafe is that it is
a stock, and stocks values can change
dramatically in a short period of time.
However, if you...
