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Walmart

Walmart about to reach a higher low Walmart is cruising into earnings, however we are on our way to hit a higher low. I believe some point this week WMT will hit $143 a share. Here's the technical analysis that explains why. RSI: Relative Strength index is at 60 and an average for Walmart is close to 55. With the high RSI we can see price decrease as investors are seeing Walmart being overbought. MACD: Shows that there is growing bearish divergence, bears are getting stronger meaning they might take more control of the stock price. My plan? My plan is to buy Calls on the dip. I am going to purchase 12/18 Call for WMT to be $150 a share. Follow to see my trades, and give a like if you see Walmart growing, and part of growing means hitting higher lows. Comment your thoughts on my analysis, I would love to be critiqued.
NYSE:WMT
by Myantman101
3
Opportunity to buy into WMTThis is a personal publication that I am posting public for those who are following me and watching my account grow. There are a lot of indicators that are showing a near term drop for Walmart, this would create a good buy in point. Since we are in a bull market, we should expect Walmart to rise the remainder of the year. Why do I think there will be a small drop in the short term? High RSI: 65 Bollinger bands about to cross at a high point indicating a sell signal. Growing bearish strength on the divergence indicator. MACD: Showing weakening bullish divergence Candles are also moving down closer to the Moving Average As an options trader a small dip could lower options cost for an opportunity to buy more contracts and make more money. Stay Tuned for updates!
NYSE:WMTLong
by Myantman101
WMT Walmart looks like it is bottoming out. A trend continuation may be coming soon as Walmart looks to be bottoming out. A few more days of this rounding out formation and it should be good for a long. Also note the low volume pull back (not a lot of selling pressure). I am not long WMT yet, just observing. Looking for an entry in mid $135 range. Support at $135 so stop loss would be around 134 to give it wiggle room. Minimum target would be near its short-term resistance right now around 138.80-140. However, a break out could send it back to new highs. The fundamentals also support a move higher. - Andre, StockBros Research
NYSE:WMTLong
by StockBrosResearch
1
The Walmart and the Tik Tok news could be a perfect mixThe daily chart under review has a whole lot going on, Wmt has been in its broader uptrend since its corona sell off/ rebound. This one shows alot of the breakdowns of price action. Lets put the past 6 weeks under review. The price action has ended in a seemingly cup and handle formation, typically which take around 6 weeks to form, this puts it at the right place at the right time if past trends continue. Currently nearing oversold on the RSI on a higher price level than it ever has been, gives an idea that it has earned strength in this area, and can be due for a push higher with good volume. If this one goes any lower, Id expect a bounce off the 50 day moving average. Good timing for tik tok news as this may be what WMT needs to push higher. Posted are resistance and support levels, with the purple levels signifying a change in action and possible pivot zones.
NYSE:WMTLong
by king806
WMT Short divergence + Elliot waveOn my previous idea, my wave count was correct on the 1H chart, the motive was a downtrend. To add to the confirmation of a trend, there is a bearish divergence and towards the lowest prices we see 2 key areas of support/resistance. My corrective waves were placed on these supports and I extended the 3rd wave, following the downtrend. With this recent high price, evidence suggests price wants to fall to the previous area, a good opportunity to short. Manage your own risk please :)
NYSE:WMTShort
by KianMcGrath