Walmart / WMT broke through the 1day MA50 and is testing the bottom of both the short and long term Channel Up patterns.
This is the first technical buy entry of this sequence, with the second being on the 1day MA100 and as long as no 1day candle closes under it.
Buy and target 168.00 (Fibonacci 1.236 extension).
Note: The 1day RSI also has clear Support levels...
Walmart was rejected from the upper line of the rising channel, and the new price movement could be the lower line of the channel (also there is a support line there)
price target for short position $160.
a breakout above the channel should be stoploss.
Hello There!
Welcome to my new analysis about WMT on the 2-hour timeframe perspectives. As I mentioned in previous ideas the stock market currently is in a highly mixed condition with many stocks being bullish and having breakout potentials while others make better short candidates. The approach with a total-return trading is to make profits in all states of the...
Walmart has formed a Rising Wedge into the PCZ of a Bearish Alternate Bat, and as it's made its way to the PCZ, the PPO has given us both a Bearish Confrimation Circle and 3 Falling Peaks. If this plays out, I think WMT could easily see $130, but there is room for it to go down to as low as $90.
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower...
Hi ....folks that is clear as acrystal that where is suitable for entering in short position on Walmart share ......170 even number -----178usd .......respect to parallel channels ....!!!1
if you are using my signals please booost my posts.....
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📈📊 #ChartPattern Alert! 📈📊
📈 Rising Wedge 📈
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to...
Walmart is another stock that, for some reason, people want to be bullish on. It's probably because Marxist social marketing platform Reddit's public relations firm nestegg r/WallStreetBets said so, or some GPT instance on StockTwits said so.
Yet it's another old company with an old business model that is anything but good. I haven't been to a Walmart in the...
A) Max price with a lower volume than pandemic
B) Break failed, volume decreasing post pandemic
C) Another test to resistance should occur
D) Walmart adjusting to reality
E) Price should break the support with a big volume
F) Final track to the next Support at 80-75
Walmart beat earnings but still saw a big drop on Thurs, along with US equities as a whole, but saw some positive gains Friday. With Walmart near the top of its range while US equites have been pulling back, WMT has strong relative strength. If US equities pullback finds a bottom soon, WMT could help lead the way.
Key notes from earnings
Walmart reported a...
The retail behemoth's international business posted a 13.3% jump in sales during the second quarter, its strongest result since at least 2016. The unit posted $27.6 billion in sales, or 17% of the company's quarterly revenue, beating market estimates of $26.12 billion.
Despite the better-than-expected results, the price is heading a downtrend to the major support...
Walmart has managed to beat expectations across the board today, with the retailer clearly managing to fare well despite concerns over the potential for an economic slowdown. Compared with Bloomberg numbers, the company has managed to outperform across a host of metrics:
Net revenue: $161.6 billion versus $159.7 billion expected
Adjusted diluted EPS: $1.84...
1. Walmart set to raise its full-year forecast as shoppers stick to essentials
2. Walmart is set to raise its full-year earnings forecast on Thursday when it reports quarterly results, as U.S. shoppers continue to buy essentials even as borrowing costs rise, lending standards tighten and the employment picture weakens.
3. Walmart is in a sweet spot among retailers...
Details:
Walmart ( NYSE:WMT ): Over the weekly time frame, Walmart saw an impressive gain of 22.51%, highlighting a strong trend in its stock performance.
S&P 500 ( AMEX:SPY ) : This ETF tracks the S&P 500 Index, a benchmark for 500 of the largest companies in the U.S. stock market. During the same period, AMEX:SPY recorded a gain of 16.17%.
Consumer...
