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asdf098

$WMT good entry point (4/5)

Long
Walmart Inc. (NYSE:WMT)  
asdf098  
NYSE:WMT   Walmart Inc.
Support and Resistance Parallel Channel Oscillators february february2022 buy
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supportandresistance parallelchannel oscillator february february2022 buy
Conviction: 4/5

Thesis
  • at former resistance-turned-support (2008 peak)
  • near channel (2016) support
  • very cheap (P/S of 0.67), although more expensive relative to own history
  • RSI-W not overbought at all
  • RSI-D showing possible bullish div

Risks
balance sheet is a bit weak (low quick ratio)
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