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.
WMT has proven logarithmic action and recently touched the support side of the logarithmic channel. Looking for an exponential move upwards over the next 1-2 years with the revenue growth from the newly adopted health care/clinics. Price target of 165.00 by JAN2021. Hold long and prosper.
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 line.
A...
Walmart update: 24/2/2018
completely uptrend ???
Walmart was a great long in 1997 and remains
in an uptrend. So far in november 1999, though, the stock
has been retreating.On January 2009 a bullish engulfing
pattern occurred; the price jumped from an open of wave-e
Walmart is another stock that had a great 2018, but started
out on June 2018 by pulling back Wave-b
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.
Price met the 1.618 fib almost perfectly. This asset is also trading in a rising wedge, bearish, and is fighting the trend line now. Price is making higher highs but the RSI is making lower highs which is a bearish divergence, indicated by the red trend line.
On the weekly I see an even more egregious bearish divergence,...
As the title states, the consumer is strong in n the USA and Walmart is hands down one of the biggest winners. Look at their earnings statement. This is a longer term hold for my portfolio with a position started just before their previous earnings report.
Walmart is the star stock of the week and even helped to raise the doom and gloom within the market. The pre-market move on Thursday was one of they catalysts to the bounce we have seen in the past few sessions., even the POTUS was tweeting, making WALMART the poster boy of domestic strength.
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ANALYSTS HAVE MULTIPLE...
On of the best equity for this year . its keep going up despite market reaction supported by good retail sales ytd but we can see clear Negative divergence with RSI - MFI
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.
Walmart (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.
Walmart ( WMT) is approaching its resistance at 118.85 where it is could reverse down to its support at 110.15.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.
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WMT
