Walmart Stock $WMT expecting a decent rally in September 2024Walmart Stock #WMT is trying to rally as it reacts to a daily demand imbalance at $78.84. Expecting a decent rally from this level. Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries.
Walmartcall
WMT Walmart Options After The EarningsIf you haven`t bought WMT Walmart here:
Or sold it here:
Now Analyzing the options chain of WMT Walmart prior to the earnings report this week,
I would consider purchasing the $155usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $4.10
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
WALMART WEEKLY LONG TERM ANALYSISTechnical Analysis Summary
WMT /USD
TREND ANALYSIS
We have 1 Downtrend in red color ( INTERNAL )
We have 2 uptrend in green color (Internal and External trends)
Be careful trends need to be modified when broken to the new peaks (downtrend) and lows (uptrend).
LEVELS OF SUPPORT
We have 1 weekly level of support which is essential to be respected for WMT to continue its move upward and its a great entry level.
Good luck everyone, stay safe!
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Exercise Proper Risk Management
WMT Bullish PT $138This is not a recommendation to buy or sell.
Based on the chart I had from last week, WMT is following my prediction so far.
Nice dip today to filter through any weak hands and opportunistic. Based on the volume pick-up going into EOD, I'm seeing bullish signs towards the next fib level with a price target of$138.
Like and comment if you agree.
Walmart Buy Walmart using three Trend lines yellow, green and red trend lines . Buy at 132.42 price near the green line .Target of 140 around 5% - Yellow line. Stop Loss is the red line around 1.79% @ If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.74 % there is an upside of 5%