WMT trade ideas
The Market is having a short position .I advise selling now because depending on the indicators, the market is having a short position for now.
$WMT Re-accumulationWyckoff re-accumulation looks to be in play imo.
Price has pierced the minor creek already; next up is the major creek and into price discovery.
Weekly EMA-30 in blue.
$WMTWalmart’s earnings was spectacular. It reported an adjusted second-quarter profit of $1.78 a share, easily beating forecasts for $1.56, on sales of $141.05 billion, topping estimates for $136.88 billion. It offered full-year guidance of $6.20 to $6.35 a share, above the consensus for $6.02. Walmart said it’s taking share in groceries and that same-store sales rose every month during the quarter and yet it finished Tuesday, the day of the release, down slightly, and then fell 1.1% on Wednesday.
It closed the week at $151.45, roughly unchanged from where it had been before the release—and still below its November all-time high of $152.79.
When you look at the technical side of things, it looks like Walmart will eventually have its time soon.
Walmart’s in a nice clear uptrend on the weekly chart forming an ascending triangle with a double top.
Give this time with a to rest before it retests previous high but it’s very clear where this stock is heading.
I’m bullish.
- Factor Four
WMT go longWmt stay long, monthly ascending channel is strong and should follow tgt breakout. Grandpa style
WMT shortEntry price: 151-153$
1st target price: 142.5-144$
2nd target price: 134-136$
RSI: broke 70 level, the asset is overbought
Stochastic: both lines above 80 level, the asset is overbought
Bollinger bands: the price is inside of Bollinger bands, approaching the upper band
Conclusions: The asset is overbought, approaching strong resistance level around the price 152, thus the trend reversal is very likely. The short position is recommended with the two potential targets.
Above analyse is just for an informative/educational use and should not be treated as a professional financial advice.
WMT on Breakout watchPost earnings WMT is looking strong above 150. Aggressive entry would intraday above 150. More conservative entry is to wait for the breakout to happen and enter on a pull back or some consolidation. Targets are the fib extensions. Not interested anymore below the green box.
WMT BULLS!-looking for that first resistance break than the second break.
-depending how we open will dictate our entry
-there is a lot of bullish sentiment and we also bounced off the cloud
Symmetrical Triangle Earnings 8-17 BMOEarnings coming soon.
WMT has broken to the upside. RSI borderline Overbought on daily with RSI on 80.
Could be setting up to form a flag. Has not formed yet so time will tell.
I do own this so I could be partial. I just do not think Walmart is going away, not anytime in my lifetime. And just think, they will get to stay open while we, and many small businesses have the flu (o:
No recommendation
$WMT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $WMT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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Walmart Ponzied - Shipping Costs Skyrocket - Made in ChinaLarge cap ponzied stonks. Small caps with revenue growth and profit TODAY, matter most in a rising rate environment.
Shipping Container costs make the giants a disaster to own with rising rates and falling revenues and profit margins. Margin compresson incoming. Ponzi Pogs Poof.
*valuation matters
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$GNLN
#thegem
WMT stay long for breakoutStay long for symmetrical triangle breakout which is very explosive, Grandpa style
Short WMT below 134.4Alligator's Mouth is closed both in the daily and weekly.
Last daily fractal is 139.77. If reached, it would be valid as the Balance Line is at 140.19.
The weekly fractal is at 134.4. If the train departs to the downside, I would sell short at 134.4. (Early entry could be 139.77 and then heavy add on below 134.4.
$WMT - Symmetrical triangle breakout Breaking out of symmetrical triangle. A breakout above $144 is bullish.
Resistance - $144
Good case - $152
Best case - $164
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Bull Run SoonWe may see WMT pull back slightly to make up for the overbought RSI and it being right at resistance on the daily, however, once it gets to the end of the trend triangle there, if it breaks past resistance, we could see it rip upward. These are my thoughts.
Needs to Break $143If WMT breaks $143 we could see it enter an uptrend to the top of the trend channel
WALMART OUTLOOKThe chart looks extremely annoying, having lots of small candlesticks (->no Momentum=no trend).
I would recommend to watch for high volume plays.
As always I draw my expectation on how the stock could move in the future.
