As we look at the Walmart chart we see a strong rally due to "earnings" but will the strength of the bulls last? I've been bearish on stocks for months now, expecting another swipe of the lows, or possibly even a new low in the coming weeks/months. Walmart is no exception to this outlook, we see a LARGE gap left behind from the last dump and now we're seeing a...
Don’t get me wrong, the company is fabulous and earnings was rock solid in this economy but rallies end in euphoria. In my opinion so far the distribution is completed and the price is going to fall.
Do you remember Amazon when it was around 3.5K and we had beats and 4K price targets everywhere?
The same situation is happening right now as consumers suffer due to...
Walmart resolution for the coming month is thoroughly examined without mathematical physics, but follows the range of trajectory from physics, put 2 crosses each simulating it's x-axis and y-axis, you can trace the time it takes for market makers to dilute the price of a stock if the companies don't follow it's projected position, walmart could, but not saying it...
Price broke upward from a Descending Triangle.
The top trendline of the Rectangle held so far as resistance.
Earnings on the 15th before market open.
No recommendation.
Are you channeling your inner Santa Claus or Ebenezer Scrooge this year? Heading into November, we're not hearing the christmas bells just yet. Although the Walmart stock looks like its heading to the Northpole at $153.66, we expect a correction in between $145.22 and $153.66. Ideally, there'll be a turnaround heading below the support at $117.27. After pulling a...
Surprised to see this back up where the Waltons sold. I'm trying short here again. Stop above today's high. Still think this is just forming a massive bear flag.
Order SELL WMT NYSE Stop 127.41 LMT 127.41 will be automatically canceled at 20230401 01:00:00 EST
WMT weekly bearish hammer. B wave or 3 wave it's going down. Stop loss above pivots.
Walmart has squeezed into a tight range after a big drop in the spring. Now some traders may be looking for a potential breakout.
The main pattern on today’s chart is the falling trendline along the highs of April, August and September. WMT remained consistently below this resistance until yesterday.
Second is the $128 level, where prices bounced in late...
Wal-Mart Appears Prime for a Run to the Upside!
Patterns Identified- ABCD and an Inverse head & shoulders pattern on Wal-Mart's (WMT) daily chart!
I expect a break of the neckline over the next few sessions. We popped above the trendline today and came back inside the triangle. Also we closed slightly below the zone (see screenshot below).
My next entry on...
$WMT has been trending since May 2022 crash. It seems to currently be putting in a bullish flag and pennant pattern. Let see if it can go to resistance of the 200EMA at $134. It may pull back with /ES and then climb. Let's see where it goes.
The WMT has just touched its daily resistance for the fourth time.
Stocks tend to break out shortly after the fourth time.
The fact that the graph shows a "bull flag" strengthens my previous statement.
In addition, the MACD has-had a weak bearish momentum, while the broader market had a big bearish momentum.
However, the RSI continues to show a downward...
Here I have market off major zones where price tends to retrace too before a major change of direction. You may also notice the rising wedge headed back that has already started playing itself out. This move will happen over a short period of time. I say this because once enough selling pressure has been established, buyers will fearfully close their longs...
Nasty close to this week unless something unexpected happens between now & the close to push it up $2. The downtrend in this name began in April/May with the false breakout that ended with a sharp decline. Since then it's been in a bear flag that is breaking down this week. Below $130.50 could get ugly imo. Ultimately looking for sub $90s next year. Remember...
This chart of retail giant Walmart shows price is currently heading towards a possible inflection point between up and down trend in this triangle pattern.
