Bullish Candle from Wal-MartAn extremely bullish candle today by WMT. Look for how it reacts to 72.09 and then 73.17 and 74.54 as your next upside targets
WAL
WMT Wal-Mart potential bullish cypher pattern on daily chartbuy @$60.34
strong weekly support at X price level.
TARGET DA TARGETHoliday sales this November for Thanks giving would suck for sure. And also same for X-mas and New Year for Target.
TGT TARGET FROM 2015 July high $85 it is slowly trickling down. If you draw a line from that high to 2016 march high you will get a better clear picture. It may not get bankrupt but stock will be in a good position to buy if it breaks 2 support level either @ $52 or $47 range. A good target to buy would be sub $10
WAL-MART plungin nextWMT Wal-Mart made their high in 2015 and ever since it's going down. More problems will surface with this company as more days pass by. But there are only 3 Green support lines @ work 1997, 1987, 1982. Probably the next good support is area of $50-$45. Then when it breaks it is possible to re-visit $5 area for ultimate buy zone. With the time line analysis it may take some time to plunge around 2024 or before.
Retail markets all around the US are doing almost the same though.
I believe WAL is a ShortI believe WAL is a Short for a little while then it will clime up this May/June
WMT poking its head and looks ready to goNice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier system. So, may initiate long trade above $77.50 with tier 1.
Wal-Mart Potential Diamond Top Breakout, Aiming for $67.50We note that price has been trading along bullish uptrend line, from Aug 2011 to May 2013. However price has been consolidating sideways since June 2013 until now.
We note a possible Diamond Top Formation close to breaking out. The breakout will likely happen after price manages to trade and sustain below 75.00.
The objective of the pattern will be to reach 67.50, by around 22 Oct 2014.
Risk; There is a risk that the breakout will be stalled when it reaches support level at 72.50 and the pattern changes into a rectangle sideways consolidation. This is why partial profit taking at 72.50 might be a good idea.
For more information on the Diamond Top Pattern: thepatternsite.com
Like it, Follow It, Share It~
