📈📊 #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...
Wallmart had a really hard time to beat its all time high. And even when the price rose above the All Time High, it was immediately sold off again.
But now it could be the time for a big breakout of this hard resistance zone. The trend started soft and takes on a healthy strength.
If the price manages to break through the resistance zone, a long-term uptrend...
Straddlle detected up to 15-Sep.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in com
Earnings 8-17 BMO.
Price is traveling in a Rising Wedge that is not valid until the bottom line is broken and it has not been broken as of yet.
I have noted that rising wedges which are bearish in the end, can be especially ominous at earnings.
It is possible for price to break up from a rising wedge and as the 2 upsloping lines converge at the apex, price can get...
Bullish continuation pattern
Look to ride the wave up
Flag high and tight pattern
Expecting good news from Walmart cooperation in next 2 weeks
Long opportunity
Walmart - 30d expiry - We look to Buy at 154.33 (stop at 150.33)
Price action continues to trade around the all-time highs.
Trading within a Bullish Channel formation.
We look to buy dips.
The primary trend remains bullish.
Trend line support is located at 154.
This stock has seen good sales growth.
Our profit targets will be 164.33 and 166.33...
In the weekly chart, I see the long uptrend run in its final stages.
My final target is the 163.27 to 174.55 range, corresponding to the 100% to 161.8% ABC extension.
