Walmart
Walmart: Buy OpportunityThe price bounced from the uptrend line and moved upward. RSI confirmed the price reversal. MACD histogram confirms a possible upward movement. The price could break the local downtrend line. It gave us a bullish signal in the direction of the main uptrend.
Entry Price: above 116.80
Stop Level: below 114.15
Profit Level: at 121.95
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
WALMART (WMT): Expecting Bearish Impulse
Walmart has recently reached a resistance line of a rising channel on a daily.
on 4H the market has formed a head and shoulders and broken below the neckline.
I believe that now we can expect bearish continuation.
initial target level is 110.0
second target is 104.0
WMT Walmart Distribution Sell SignalWalmart is a strong stock that has painted fresh ATH's in the past couple weeks. However, this recent price action has shown considerable weakness: lowered volume, bearish RSI divergences, and an inability to strongly breakout much higher. It seems to be sputtering and in danger of turning over in a rounded top fashion. Candlesticks and wicks on the daily, weekly, and monthly bars look like we're at a top.
WMT Nasdaq running on steam while fusion is available WMT has been on a parabolic bull run, yet no trend can be observed it seems to be ‘running on steam’ This is supported by the CVI, with less money flowing into the nasdaq composite, hence momentum decreasing. OBV shorts and longs both increasing and volume RSI seemly absent for the past 46 years. The fusion I talk about comes in the form of digital currencies and their ability to alter the industry. Gold can be seen to be steadily increasing which is historically strong within a recession.
WALMART - DAILY CHARTHi, today we are going to talk about the Walmart and its current landscape.
Walmart yesterday disclosed better than expected earnings, a delightful surprise for investors that were worried by the impact of the Trade War tariffs over the retail corporation. Walmart also raised its EPS guidance forecasted for the next year. The news is positive for the American retail sector and as an economic indicator of the U.S consumer potential, which signals a healthy environment for the economy that nears the consuming holidays like the Black Friday, Cyber Monday, and the Thanksgiving Day. Even the U.S President has cheered the good earnings.
"Walmart announces great numbers. No impact from Tariffs (which are contributing $Billions to our Treasury). Inflation low (do you hear that Powell?)!" - Donald J. Trump
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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
Walmart update 24/2/2018Walmart update: 24/2/2018
completely uptrend ???
Walmart was a great long in 1997 and remains
in an uptrend. So far in november 1999, though, the stock
has been retreating.On January 2009 a bullish engulfing
pattern occurred; the price jumped from an open of wave-e
Walmart is another stock that had a great 2018, but started
out on June 2018 by pulling back Wave-b
$WMT short tradePrice met the 1.618 fib almost perfectly. This asset is also trading in a rising wedge, bearish, and is fighting the trend line now. Price is making higher highs but the RSI is making lower highs which is a bearish divergence, indicated by the red trend line.
On the weekly I see an even more egregious bearish divergence, and an rising wedge pattern too. All of this makes me bearish on $Walmart
Walmart ( WMT) approaching resistance, potential reversal!
Walmart ( WMT) is approaching its resistance at 118.85 where it is could reverse down to its support at 110.15.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
WALMART target $150As you can see the support and resistance levels have been pretty accurate. The support has been accurate for 3 years and the price has bounced off of it 4-5 times, and the resistance has been accurate for 5-7 years*, and the price has bounced off of it 4-5 times**, so, that makes me think that they will stay accurate for awhile now. Now, if you continue these lines forward until they cross, they cross at ~$150 dollars, so, if the support & resistance stay accurate, it is my prediction that the price will hit $150. When/if the support & resistance cross, the price could make a major move, but we'll have to wait and see.
What do you think? Do you agree? Then press agree! If you don't, then let me know why!
***NOT INVESTMENT ADVICE DO YOUR OWN RESEARCH BEFORE MAKING A TRADE***
*5-7 years because it's looking like the price will bounce off again, if it does it will have been accurate for 7 years, but if it doesn't then it will be accurate for 5 years.
**4-5 times because it's looking like the price will bounce off again, if it does, it will have bounced 5 times but if it doesn't, then it will have bounced 4 times.
TGT shorts could pay offTarget had big earnings boost with big gap up play. RSI getting way over extended, and its pulled away from the EMA's a good deal. I like this as a short position as well. Also looking for entry confirmation off 30m chart for a short swing as well as walmart. Keep on eye on what SPY is doing for these two.
Analysis on WALMART 2.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 115.40
• Take Profit Level: 119.00 (360 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.10
• Take Profit Level: 112.00 (110 pips)
USDJPY
A possible long position at the breakout of the level 106.40
EURUSD
A possible short position in the breakdown of the level 1.0950
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible short position in the breakdown of the level 1.2070
Analysis on WALMART 2.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 115.40
• Take Profit Level: 119.00 (360 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 113.10
• Take Profit Level: 112.00 (110 pips)
USDJPY
A possible long position at the breakout of the level 106.40
EURUSD
A possible short position in the breakdown of the level 1.0950
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible short position in the breakdown of the level 1.2070