WMT is approaching its resistance at 98.70 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 94.33.
Stochastic (55, 5, 3) is approaching resistance as well.
WMT is approaching its resistance at 99.38 (100% Fiboancci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal.
Stochastic is approaching its resistance and a bearish divergence with price has been identified. This contributes to our bearish bias.
WMT approaching support at 93.92 (61.8% Fibonacci extension, 38.2% Fiboancci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 98.64.
Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
With the fast approaching Earnings ESP on Feb. 19th (pre-market) analysts seem to be becoming bullish on Walmart, and the latest news articles are full of Good news.
CNBC - "A federal judge dismissed a lawsuit against Walmart and six other retailers of extortion."
Post Analyst- They just came out with a positive new article titled "You'd Be A Fool To Sell...
We played the cup and handle perfectly that formed over early 2018. I am seeing an Inverse H&S setup, which may or may not play out. I will go long on the neckline break and this will probably see 2017 highs.
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The submerged crossing (white bar) indicates a bear flag, which is reinforced with the drawing of the Elliot waves. We have room to get to the next S1 support.
Coin Analyst Investments is kicking of the new year by looking at a long term chart of Walmart (WMT). Over a decade of price action is presented in today’s Walmart Stock analysis with emphasis placed on the bullish price swing from November 16, 2015 starting from a price low of ~$56.36.
The current move upwards from November 16, 2015 is highlighted with the use...
WMT bounced nicely off its support at 82.72 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 98.33 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.2% where a corresponding rise could occur.
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NYSE:WMT
