Walmart Inc.Short
Pain Ahead!
Don’t get me wrong, the company is fabulous and earnings was rock solid in this economy but rallies end in euphoria. In my opinion so far the distribution is completed and the price is going to fall.
Do you remember Amazon when it was around 3.5K and we had beats and 4K price targets everywhere?
The same situation is happening right now as consumers suffer due to inflation.
Monthly RSI has made a curve and is going toward oversold situation over time.
My target is 105$ :)
Obviously not a Financial Advice.
Do you remember Amazon when it was around 3.5K and we had beats and 4K price targets everywhere?
The same situation is happening right now as consumers suffer due to inflation.
Monthly RSI has made a curve and is going toward oversold situation over time.
My target is 105$ :)
Obviously not a Financial Advice.
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