D-MART
Walmart detailed chart for a friend 2hr & daily channelAfter checking out some potential price levels on the short term over the next few months we can see that wal-mart has broke into a wave 2 trend continuation uptrend holding inside the bullish channel zone.
106.70 shows strong bullish reversal momentum with an impulse telling us "up is still in effect" and instantly took us above the 50% channel dashed line.
A common bearish harmonic crab pattern was displaced giving us this consolidation 3 drive accumulation concept. We do not have a complete 2 and 3 drive yet so this is a "speculative guess." We could make a 1hr INV head n shoulder or dble bottom support at 119.30 / 118.50 zone instead and continue to a new high touching the top of blue zoned range in our trending channel. This zone is a signal zone for seller pressure inside this channel.
***** It does not mean it will be a sell; it means it can be a potential sell opportunity since this would be the end of wave 2 of the trend breakout. In turn, this would create a new daily high zone and new daily low pattern******
Take notice that the 106.70 impulse was also a bearish harmonic crab and we got around a 50% pullback flag to 110.45 from 114.42
I see this same concept happening here with a 50% - 78% pullback to 117.80 - 117.24 price zone for a trend continuation up to 122.70 - 123.00 seller pressure zone.
Quarters theory will try to push us to 125 if we break 120.50 and hold 120.00 support giving us micro trend pullback opportunities until then.
Overall.....
Buyers sit around 117.85 - 118.10
Sellers are weak and currently sit at 120.50. More pressure for a corrective ABCD move to the bottom of the range will begin the closer we get to 125.00 and most def. if we touch 130 - 131
Momentum plays a role here. This is why timing plays a role but cannot have an absolute calculation to a date and price. This is why it is important to always have an alarm signal set at price zones when you can confirm a solid trading channel that is printed for us as traders.
Any bullish impulse can take us up to the top of the grey range. This is our expanding flat top zone consolidation area. I have highlighted it with a trajectory tool red to green fade.
I expect to see a distribution and re-supply pinch/ or expanding pattern somewhere around 123-125.
WMT is bullish until we lose hourly momentum and fall below the 50% degree of this channel.
Patterns only help us represent possibilities not guarantees. The most important thing about patterns is that it helps show us STRUCTURE and what is happening in the market during large and smaller time scales. Learn the patterns and learn how they work in the structure of the charts.
ABCD
12345
all these patterns numbers harmonics etc etc are just geometric guidelines for us to see where the market finds best to go up and go down based of historical measurement and current market influence (which ranges from a lot of things...)
As I always like to say...history doesn't repeat itself but it sure does rhyme! Use the melody into your favor.
As always traders. Manage risk. Thank you for following. Please comment and like for support!
Peace. Love. Trade
Wal-Mart WMT looks like it presents an opportunity to buy in at heavily discounted prices. To the tune of 20% off. Normally I would be interested in buying nearly anything that is 20% off.
Pull up this chart and look at it on the Weekly time frame. It appears as though our bearish trend might not be over and is just beginning.
Fundamentally I like Wal-Mart and I think that their entry into the meal kit service will present a great opportunity to increase store traffic.
Noticed large institutional buying of WMT in Q4 2017, and although positions are starting drown this likely appears to be a buy and hold opportunity.
I think the retail market will continue to grow in 2018 as we saw the highest retail sales growth in more than a decade (Q3 2017).
Walmart will go down. E-commerce will win.Walmart can't grow their economy, they have 95% physical stores and 5% e-commerce. Amazon is growing with sales, while Walmart's expectations of profits are not met. Shareholders are losing value in Walmart, and that's why, I think over the next month, or even year, Walmart will fall.
JD.com Singles day Cup and Handle JD.com Cup and Handle setup for singles day (11/11), and Earnings announcement (11/13).
Earnings announcement* for JD: Nov 13, 2017. JD.com, Inc. is expected* to report earnings on 11/13/2017 before market open. The report will be for the fiscal Quarter ending Sep 2017.
Chinese Singles' Day or Bachelors' Day, which originated from Nanjing University in 1993, was initially celebrated at various universities in Nanjing during the 1990s. It got the name "Singles' Day" because the date consists of four "one"s. Upon graduating, these college students carried the university tradition into society. Singles' Day has been popularized since the start of the internet era and is now observed in several regions outside China as well.
Singles' Day serves as an occasion for single people to party together. The holiday was initially only celebrated by young men, hence the name, "Bachelors' Day", but it is now widely celebrated by both sexes. "Blind date" parties are also popular during this day in an attempt to alter their single status. Some schools of a university put forward a special program to gather singles together for celebration. Singles may take on a bemoaning or self-deprecating attitude for remaining single as a university student, but this has helped curb that negativity.
By 2016, sales on Chinese commerce websites reached $25 billion on Singles day.
Wal-mart $WMT Sky is FallingIf price can break 76.83 then we could see something to the upside. However, I believe that we will see price pushing down as demand is close by where price currently is and it's weak. There has been a lot more
supply and resistance areas formed over the past few days and I'm looking for a new possible downtrend to form.
Mixed Medium-Term Outlook for Wal-Mart (WMT)On March 29, 2017 Wal-Mart (WMT) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 58.1906. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction but slightly moving up at the moment.
The true strength index (TSI) is currently 7.9533. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up. Even though it is still a positive number, it is trending downward.
The positive vortex indicator (VI) is currently 1.000 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a downward trend channel, the stock could gain 0.71% over the next three weeks. The stock recently broke out of its most recent downward micro trend channel and appears to be using the old resistance as the new support which is common. Over the next few months the stock will approach the bottom of its major support channel that is pointing upward. For this reason, I do not expect much upward movement over the next three weeks.
TARGET DA TARGETHoliday sales this November for Thanks giving would suck for sure. And also same for X-mas and New Year for Target.
TGT TARGET FROM 2015 July high $85 it is slowly trickling down. If you draw a line from that high to 2016 march high you will get a better clear picture. It may not get bankrupt but stock will be in a good position to buy if it breaks 2 support level either @ $52 or $47 range. A good target to buy would be sub $10
WAL-MART plungin nextWMT Wal-Mart made their high in 2015 and ever since it's going down. More problems will surface with this company as more days pass by. But there are only 3 Green support lines @ work 1997, 1987, 1982. Probably the next good support is area of $50-$45. Then when it breaks it is possible to re-visit $5 area for ultimate buy zone. With the time line analysis it may take some time to plunge around 2024 or before.
Retail markets all around the US are doing almost the same though.
DOW JONES OVERVIEW: WMT @ MACRO UNCERTAINTY, AT SHORT TERM RISK For WallMart stocks, 2015 was not a good year so far...
Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 69 and is now between it and 10-year mean at 60. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this company.
On short term basis WMT is on a risk of further decline, as it is trades below 1st st deviation from mean.
The short term level is above 5 year mean, so as long as price will be trading below 69, it risks to fall onto the 10-year mean at 60
WMT poking its head and looks ready to goNice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles.
Lets see to what it leads, need to hold breakout point at $76.90.
As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier system. So, may initiate long trade above $77.50 with tier 1.
Wal-Mart Potential Diamond Top Breakout, Aiming for $67.50We note that price has been trading along bullish uptrend line, from Aug 2011 to May 2013. However price has been consolidating sideways since June 2013 until now.
We note a possible Diamond Top Formation close to breaking out. The breakout will likely happen after price manages to trade and sustain below 75.00.
The objective of the pattern will be to reach 67.50, by around 22 Oct 2014.
Risk; There is a risk that the breakout will be stalled when it reaches support level at 72.50 and the pattern changes into a rectangle sideways consolidation. This is why partial profit taking at 72.50 might be a good idea.
For more information on the Diamond Top Pattern: thepatternsite.com
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