WMT is approaching its support at 90.54 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 3.5% where a corresponding rise could occur.
Numbers do not lie. Wall mart earns less and less. Profit margins are low and net profit falls steadily over the last few quarters. This thing is not a good sign.
Making a fundamental analysis from my point of view, thiol is very overrated. With the last gross profit for me the title is worth about half. If it seems a crazy idea mine, think that its EPS is ...
$WMT has retraced back down into support here, and it is an attractive buy for anyone using @timwest's methodology and indicators.
I'm looking to average into a long position here next week, buying into support, adding into strength, or even averaging down if we test lower support levels...as long as holding above this zone we're in good shape.
There's a 9 week ...
Clear down trend targeting closing the gap at 90s ..
Goals for down trend as : 93.0 - 90.50 - 87.65
Support is 96 if its broken with volume this will confirm downs targets .
Resistances at 101 . Possible to go up to 101 then continue drop
High probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
Walmart has a Very Bullish Chart,
For students of technical analysis
the pattern is a CUP .+HANDLE Formation.
Recent decline on the Cup bottom pulled back just below 100 support.
WMT is due to post earnings on Nov.15.2018
A Bullish Upside Surprise on WMT earnings easily could
propel the stock back up to its all time high near 110,