Walmart looks to be on the downside of it's market cycle. Be prepared for bull trap then a "return to normal" before bearish continuation. Just my opinion.
Walmart can't grow their economy, they have 95% physical stores and 5% e-commerce. Amazon is growing with sales, while Walmart's expectations of profits are not met. Shareholders are losing value in Walmart, and that's why, I think over the next month, or even year, Walmart will fall.
Was wondering why the sudden decision to close Sam's Club but once you see that Sam's Club has not been generating as much revenue. It all makes sense. Interesting move that makes their numbers look amazing really. So how does this play out in the long run. 1) Closing stores brings down cost since running those stores are not cheap in any way. 2) Makes the math...
Low risk entry to short walmart at 0.618 retrace on the hourly chart.
buy @$60.34 strong weekly support at X price level.
Walmart held nicely at the .618 Fib level, but looks like it might drop down to the .786 fib level soon. Looking to buy some calls if NYSE:WMT drops to and shows support at $65.40. Any thought, ideas, opinions? All are welcome.
WMT is offering a very nice entry, after forming a new weekly mode, which implies the strong uptrend is seeing reaccumulation at higher levels. I'm looking to enter longs at market, at the open, ideally on retrace to the mid point of the green triangle on chart. Stops should be below 67.40, for example at 66.51, or using 3 times the daily ATR. Yield is very nice...
Show me how much Buffet takes care of his stocks. Hoping to pick some up on a pullback. Reasons Broke through dynamic Resistance Broke 100ma and 200ma Buyers entering market, lot of bounce potential Yo fuck target. heh Good Luck
Buy the Fear. There is tons of cluster support here and its holding. Grabbing a starter position long here.