2024/12/19
Daily 4XSetUps - WMT With Selling Pressure Recently Also
“3 bearish trading days seem to have stopped the bullish trend!
just another short consultation phase? mid-term trend reversal?”
This Thursday, December 19, 2024, the European stock markets replicated the price slide on the US stock exchanges from the previous evening. As a result of the US Federal Reserve's interest rate decision, traders and/or investors processed the prospect of, for better or worse, only two interest rate cuts in the coming year 2025. This means that an interest rate reduction bubble has burst, which I also assumed in the summer of 2024. But only in 2025 with small baby steps. What now? I don't know! In any case, the
EURO50 ultimately lost -1.58% to 4879.00 points today, even though the US stock markets recovered somewhat on Thursday, after opening in the early hours. However, the euro zone's leading index fell to its lowest level since the beginning of December 2024, when the interim year-end rally was still in its early phase. Outside the euro area, the Swiss 
SMI fell by -1.93% to 11,414.84 points on Thursday. The British 
UKX fell by -1.14% to 8,105.32 points. In Great Britain, the focus was now on the next interest rate decision: As expected, the British central bank refrained from easing interest rates and did not give any clear indications of its future course of action. Similar to the Fed, central bank chief Andrew Bailey also pointed to increased uncertainty.
“Then I spoke with proven shapers I knew—Bill Gates, Elon Musk, Reed Hastings, Muhammad Yunus, Geoffrey Canada, Jack Dorsey (of Twitter), David Kelley (of IDEO), and more. They had all visualized remarkable concepts and built organizations to actualize them, and done that repeatedly and over long periods of time. I asked them to take an hour’s worth of personality assessments to discover their values, abilities, and approaches. While not perfect, these assessments have been invaluable. (In fact, I have been adapting and refining them to help us in our recruiting and management.) The answers these shapers provided to the standardized questions gave me objective and statistically measurable evidence about their similarities and differences. It turns out they have a lot in common. They are all independent thinkers who do not let anything or anyone stand in the way of achieving their audacious goals. They have very strong mental maps of how things should be done, and at the same time a willingness to test those mental maps in the world of reality and change the ways they do things to make them work better. They are extremely resilient, because their need to achieve what they envision is stronger than the pain they experience as they struggle to achieve it. Perhaps most interesting, they have a wider range of vision than most people, either because they have that vision themselves or because they know how to get it from others who can see what they can’t. All are able to see both big pictures and granular details (and levels in between) and synthesize the perspectives they gain at those different levels, whereas most people see just one or the other. They are simultaneously creative, systematic, and practical. They are assertive and open-minded at the same time. Above all, they are passionate about what they are doing, intolerant of people who work for them who aren’t excellent at what they do, and want to have a big, beneficial impact on the world.”
Ray Dalio
$96.18 : 2024/12/06 - All-Time High
$93.58 : 2024/12/19 - last price action
$88.93 : 2024/11/22 - Upper Line Of Bullish GAP
$88.64 : 2024/11/21 - Down Line Of Bullish GAP
$85.91 : 2024/11/19 - Upper Line Of GAP During QR
$84.85 : 2024/11/18 - Down Line Of GAP During QR
The
WMT share has been rising and rising and rising - for days, for weeks, for months, for quarters, for years - and/or since the outbreak of the coronavirus outbreak in 2020 exponentially. Sure - food, everything we need in everyday life is more or less available in WMT . Business is going well - and/or the people in charge can obviously do the math. The business finances itself from cash flow - and profits also increase at a higher percentage than the dividend is paid. Hence? It doesn't get any better! However, for example, quarterly profits rise higher in percentage terms than the dividends paid out - a cash machine! No question? And so the penultimate major GAP was created during the publication of the last quarterly report. Before the last small bullish GAP on Thursday & Friday the last week before between $88.64 & $88.93. Admittedly not a GAP mentioned - but still $0.29 big. What the robust, constructive price action of the WMT share proves. Which is why we will definitely continue to let run this long WMT 4XSetUp. And that even if the share falls back below the small bullish GAP that was just mentioned. But why should traders and/or investors currently want to do this? I don't know!$96.18 : 2024/12/06 - All-Time High
$95.90 : 2024/12/18 - Red Bearish Day High
$95.72 : 2024/12/12 - Red Bearish Day High
$95.64 : 2024/12/09 - Red Bearish Day High
$94.09 : 2024/12/12 - Red Bearish Day Low
$93.60 : 2024/12/09 - Red Bearish Day Low
$93.58 : 2024/12/19 - last price action
$93.13 : 2024/12/18 - Red Bearish Day Low
Although the company's figures, which have just been briefly outlined and repeatedly mentioned positively, seem to be correct, the price action of
WMT is also faltering. As we have experienced in the last few days and/or weeks. I originally thought we would see $100 in WMT stock sooner rather than later? But this was wrong! We now have 3 big bearish trading days in the price action. Admittedly there are still 2 and/or 3 bullish days between the 3 big red trading days - but the traders and/or investors were not able to send the price action of the WMT share above the 3 intraday highs of the 3 red bearish trading days on the 5 small bullish trading days. What is to be understood as bearish - as long as the price action is not above again. Why pay attention to the 3 lowest prices of the 3 red bearish trading days! Because shouldn't this last? We should tend to see a lower price action - towards $90. Yes, even apart from the previously mentioned GAP - although the fundamental figures are bursting with profitability...-------------------------------------------------
$100.00 : 2025/06/30 - Target Price
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$093.58 : 2024/12/19 - last price action
$084.83 : 2024/11/08 - Entry Price
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$075.00 - 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.