I am bullish on Wall Mart above 150lets see what comes out after results it may give dip then bounce towards 155 - 165
WMT trade ideas
WMT - February 16, 2021Walmart is the dominant all things retail, defensive in turbulent times stock. Throughout the pandemic WMT has exhibited stellar e-commerce growth of US sales up 97% yoy compared to estimates of just 37% in Fiscal Q2. These growth levels are attributable to increased online shoppers as a result of the pandemic, and WMT has exhibited a best-in-class adoption of their e-commerce platform. From a technical perspective, WMT looks to breakout of the downtrend above 146 and push higher into earnings this Thursday after the bell. If there is no pre-earnings run up from WMT we will be comfortable holding shares though the earnings report.
Walmart for a small dip down to resistance.Using price action and moving average patterns; it looks as if walmart may decline for a week or two.
Technical Analysis 101: Support and Resistance In this video I cover the basics of the support and resistance levels and how to chart it out, If you enjoyed this video please like it and share it with your friends. Also please drop a comment, feedback, suggestion for me to cover or just to work on, and that would be much appreciated. Next video I'll cover the Fibonacci retracement and extension to plot targets. So we covered the trend lines and support and resistance levels, so please practice with those and send me charts if you need someone to look over it! As the main goal is for all of us to learn from each other and become better chartist and traders!
$WMT Bullish before earnings$WMT looks bullish headed into ER. $WMT has had some great previous reports and I expect a nice move prior to the announcement. The stock is in a beautiful bull flag and a break of this could send it back to the $150+ range.
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A potential reverse H&D pattern on $WLM stock before ERIt seems that WLM share price will likely rise right after the ERs. Even though it has been trending downward over the past few months, the situation may be reverse if it hits the neckline of the potential head and shoulders pattern pictured above.
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Technical Analysis 101: The Trendline In this video I cover the basics of how to draw a trendline and trade based off those trendline set. If you have any suggestions, ideas, feedback please feel free to comment and drop a like if you enjoyed the video... Thank You!
weakness in WMT
Compare current price action breaking through each Daily Simple MA (10,20,50,100, 200) with 3 previous instances. Likely, WMT will drop till it falls below 200 Daily SMA before it becomes a good buy candidate.
The RSI has also turned down.
WMT is up against the upper channel line.
On the flipside, WMT can break through the upper channel line, which would be a great long as it will likely challenge ATH.
$WMT Downtrend Channel breakoutThe stock has been following this downtrend channel for a few weeks now and has attempted to break out three times with no luck. However the company has earnings next week and based on the previous quarters we can anticipate a solid for 4Q 2020. This should be a strong catalyst for the company to break out of this trap and go back to ATH. I'll wait for confirmation of the the channel to break to increase my position
Walmart Inc. Accurate AnalysisThis stock is recovering from its shorts and we may see a bull back for a more bullish race. The pull back will confirm the buy for me. Buying now may be risky. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
WMT - Descending ChannelWalmart is currently in a descending channel. Watch for a possible breakout from the channel.
The Elliot waves are just me messing around with the chart.
WMT - February 6, 2021Looking for WMT to breakout of this downtrend here. Earnings coming up in the next few weeks can help push this higher if money flows back into retail.
Short & quickThis trade is purely technical for me.
Technical signal
1) WMT seems to have entered a topping phase (hitting a 52 week high Nov-Dec 2020)
2) It broke a trend line (bearish)
3) Moving average crossed below (bearish)
I do not see a lot of momentum to the downside so I am - targeting $140 (a quick 3.5% move)
WMT before earnings rally?Good opportunity to ride the wave before feb 18th. Stop loss 134. Good luck!
WMT approaching the 150 dayGetting close to testing the 150day. If that breaks I'd expect the 200day to be next. Not seeing any signs of the downtrend weakening.
Head and ShouldersHead and shoulder tops are not as accurate in a Bull market than in a bear market. H&S tops perform best in a bear market and inverse H&S bottoms perform better in a bull market.
LS 146.6 Head 153.66 RS 149.93
It is hard to slow down the momentum of the trend in a bull market so this pattern has a higher failure rate. Feels like the trend is slowing down a bit as of late though.
A strong trend is like a big steam boat and can not stop and turn around on a dime. But steam ships eventually stop and turn around.
Pattern becomes valid when price breaks the neckline in a downtrend..H&S tops are a reversal pattern and there must be an uptrend preceding it so it has something to reverse (o: It is a 3 peak pattern with the head being the tallest peak. The left and right shoulder do not have to have exactly the same price, but they should be in the same ball park.
I like to draw a line from the head to the neckline, use the magnet and move it under the neckline. This gives me an idea on how far it might fall..
If the three peaks are level, it is a triple top (LHCG) In a triple top pattern, the middle top may even be lower than the other two tops. (I have noticed quite a few of these as of late) This is what I like writing and posting these because reading about triple tops made me recall something I forgot about the middle peak being lower. The higher the velocity of the wave leading into this pattern, usually indicates a larger decline. (Think supply and demand) Downward volume trends also can also increase the move down. Also, if peak 3 is lower than the middle peak, often this will increase the decline. Pull ups (rallies up) can hurt performance
By no means a recommendation..
This is a strong stock so not telling. Maybe WMT just needs a hair cut (:
The trend is your friend until it is not..and it is not always a good idea to buy red (o:
