Wmtshort
Walmart - The end of the super cycle?Approximately 892,000% in 48 years. Or 18 583% per year. Or 1548% per month. Or 67% per day. And yes it is not Bitcoin. This is a super Walmart Corporation. COINBASE: BTCUSD NYSE: WMT
The 3rd wave lasted 24 years and brought a huge return to its investors. Let's get to the point, what is happening now and where are we?
In our opinion, the 5th wave began to develop since the last financial crisis. In the current formation, we observe an expanding wedge, in which we have probably already passed all stages of the waves. The zone of interest is in the region 42-55 in the case of the first correctional wave A. The large divergence on the monthly chart confirms the probable beginning of the correction. Gradual decline in volumes from 2008 - 2009.
And of course, what can the company's shares grow on now? Right on buybacks. Look at the growing debt.
Total Given the current supercycle, the correction may not start tomorrow. This may take several years, keep this in mind.
Walmart Earnings Double Short?Made a weekly trade on WMT, as writing this we seem to be breaking through $126.
My play:
- WMT $123 Put 5/22 @ $51 per contract.
Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out).
Do not trade this, you will lose money.
DotcomJack
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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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 Approaching Support, Potential Bounce!WMT is approaching our first support at 87.23 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 93.14 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Walmart Bull + $85 TargetWalmart's earning reports are due within a week and they are coming up as close competitors to Amazon. They recently acquired Flipkart in a needy but brilliant move to try taking more control in the emerging e-commerce market. Given that they were positively skewed to the left and are now facing a negative correlation, it may not look good. However, the recent acquisition of Flipkart, the market share they already owned in the retail industry and the fact that many of their retail competitors are losing ground looks like positive market potential. However, some analyst could claim these as assumptions or informational bias in looking at the outcome of the data. That being said, given the recent trend-lines in price with medium risk, an $85 short call seems imminent and highly likely.