Walmart Inc.Long
$WMT Bullish flag formed in WALMART into earnings report.
Walmart reports tomorrow and we think it is setting up nicely for a jump on earnings. The markets will eagerly await they numbers as it could give a the true picture of the consumer environment due the diversified customer base WMT has. From a charting perspective there is a small bull flag developing within a tightening wedge which we believe will result in a positive move on earnings. Indicators are mixed but still positive and buy volume has been steadily increasing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.