$WMT good entry point (4/5)
Conviction: 4/5
Thesis
Risks
balance sheet is a bit weak (low quick ratio)
Thesis
- at former resistance-turned-support (2008 peak)
- near channel (2016) support
- very cheap (P/S of 0.67), although more expensive relative to own history
- RSI-W not overbought at all
- RSI-D showing possible bullish div
Risks
balance sheet is a bit weak (low quick ratio)
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