WMT
WalmartStock Symbol: WMT
Out of all the blue chips, walmart looks the strongest.
Good old Wally world holding up like a champion.
Diversify and use 5% stoploss
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Walmart approaching neckline Walmart has been trading within it's ascending channel since the start of 2019, obviously throwing around corona volatility since the start of this year. We are now approaching a potential neckline region and tap of the lower channel before recovering slightly into a right shoulder. Profit taking between 118. - 120.
WALMART (WMT): Expecting Bearish Impulse
Walmart has recently reached a resistance line of a rising channel on a daily.
on 4H the market has formed a head and shoulders and broken below the neckline.
I believe that now we can expect bearish continuation.
initial target level is 110.0
second target is 104.0
WMT Walmart Distribution Sell SignalWalmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly, and monthly bars look like we're at a top.
WMT Nasdaq running on steam while fusion is available WMT has been on a parabolic bull run, yet no trend can be observed it seems to be ‘running on steam’ This is supported by the CVI, with less money flowing into the nasdaq composite, hence momentum decreasing. OBV shorts and longs both increasing and volume RSI seemly absent for the past 46 years. The fusion I talk about comes in the form of digital currencies and their ability to alter the industry. Gold can be seen to be steadily increasing which is historically strong within a recession.
Attention shopper ..WMT it does about go on heavy , everyone knows this is a pig , but pigs can fly .. (never seen one personally ) , easy daily #trade for a couple hundreds + daily added up quickly for a weekly budget minded trader just sit there and check current balance in the bank .. (have shares long)
Looking Exhausted, Step off the Bike and Cool DownPeloton has miraculously revitalized the Trend of In-Home Aerobics crap
You all remember the 80s-90s when Mom and Dad spent a fortune on crap they only used for a year or less?
Yep we are seeing it again, This time its with the Credit Card everything generations.
Very big bubble, could inflate much higher - like Pot Stocks or Impossible Meat