Wal-Mart has lagged the market (S&P500) and could be about to play "catch-up" since it has fallen into a pattern that implies that sellers have been blowing out of their long position and the psychology around the shares should be nearly completely bearish. The persistent lower-lows and smaller bounces puts bullish market participants into a daze of...
Wal-Mart has drawn my favorite pattern, a diverging double bottom with a false breakout in an uptrend. I have a buy limit order at 75.66$, stop at 74.60. Target is at 79$, allthough depending on how the indices play out, I might take profits at 77.50$, if I get scared.
Buy limit got canceled automatically because it was a day only, so I had to enter manually. Did...
Traditional Technical Analysis would expect a pullback to the old resistance now new support around the $72 (0.75 fibo) handle.
A wave advance breaking out of the larger degree channel. Channeling is a very simple but powerful technique when used correctly and it enhances the Wave Principle greatly. WMT should push up higher before another pullback.
The break of...
WMT has now had two weeks of closing below
the Alligator Jaw- Blue line.
Walmart is guiding lower and has said it will be'
hit with reduce Food Stamp revenue recently slashed
by congress. I will be using June Put Debit Spreads
My stop will be near the alligator. Retail in general is
weak as there is some contraction in spending
Dashed lines are support and resistance.
EMA's are turning down.
If EMA's cross this uptrend will be over and I would expect a consolidation phase to follow.
Another interesting pattern has signaled an end of the correction. After the Island pattern, we can see now a symmetrical triangle, formed near the trend line and the lower line is in a very good demand zone. It was confirmed by a breakout over it's upper line. This might get the price back to the tops, especially that the triangles target is at 76.21. The...
Clear Momentum shift.
Severe Money Flow Divergence.
Double top Pattern
Trend strength is low and DMi Cross is imminent
Bearish Sell signals will be triggered with a break below trendline.
Here is just another way to look at how nicely WMT is positioned versus the overall market. The recent wave of news pushed WMT down to a decent level and the recent linear-rally in the overall market (perhaps dragged up by technology and oil shares) has a reasonable profit-potential sitting on the table.
Upside: 5% in the next two weeks.
Risk: 5%.
By: ...
What I like about Walmart:
WMT has global diversification, a
recession-proof profitable track record,
steady growth, strong financial controls and
makes a far "safer" investment, in my mind,
than treasury bonds, notes or bills.
What makes Walmart unsafe is that it is
a stock, and stocks values can change
dramatically in a short period of time.
However, if you...
