deep esotericism $WMTif we are to look at a sizeable nine-figure gub contract for turning certain locations into FEMA camps for the unvaccinated, then we should expect the market to price in both the extra liquidity provided to the small-scale american business owned by the Walton family and the kiss of the state from said gub contract all together most rapidly, and with a 2.88 IV percentile at entry, who can think of a better setup to pay attention to for this fiscal quarter into the holidays!
WMT
$WMTWalmart’s earnings was spectacular. It reported an adjusted second-quarter profit of $1.78 a share, easily beating forecasts for $1.56, on sales of $141.05 billion, topping estimates for $136.88 billion. It offered full-year guidance of $6.20 to $6.35 a share, above the consensus for $6.02. Walmart said it’s taking share in groceries and that same-store sales rose every month during the quarter and yet it finished Tuesday, the day of the release, down slightly, and then fell 1.1% on Wednesday.
It closed the week at $151.45, roughly unchanged from where it had been before the release—and still below its November all-time high of $152.79.
When you look at the technical side of things, it looks like Walmart will eventually have its time soon.
Walmart’s in a nice clear uptrend on the weekly chart forming an ascending triangle with a double top.
Give this time with a to rest before it retests previous high but it’s very clear where this stock is heading.
I’m bullish.
- Factor Four
WMT shortEntry price: 151-153$
1st target price: 142.5-144$
2nd target price: 134-136$
RSI: broke 70 level, the asset is overbought
Stochastic: both lines above 80 level, the asset is overbought
Bollinger bands: the price is inside of Bollinger bands, approaching the upper band
Conclusions: The asset is overbought, approaching strong resistance level around the price 152, thus the trend reversal is very likely. The short position is recommended with the two potential targets.
Above analyse is just for an informative/educational use and should not be treated as a professional financial advice.
Sector early indicator? Retail sector - not much (but watch WMT)The general Retail Sector (as opposed to retailing of hardware home improvements by Home Depot and Lowes - studied in an earlier chart) - here represented by the VanEck Vectors Retail ETF (RTH, in green), and the mighty Walmart (WMT, in blue) - only occasionally (more often by WMT) acts as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks... WMT peaking on 29 Dec 1999, WMT falling from a peak in Jun 2007, WMT fading from a peak in Jan 2011, WMT in Jan 2015, WMT in Dec 2019.
Long | WMT | Minimum 100% Profit NYSE:WMT
Possible Scenario: LONG
Evidence: Price Action
TP1~ 144$,
Call options, Strike 144$, 05/14/21 Contract Price: 0.17$
Call options, Strike 145$, 05/14/21 Contract Price: 0.11$
Call options, Strike 146$, 05/14/21 Contract Price: 0.08$
* I'm not a financial advisor and it could be wrong 100%.
WMT. Looking for high quality setups.This isn't super clean as of today, but it is setting up nicely to my eyes.
For the long term buy and holders I'd say go ahead and hop in.
For those of us cursed with the necessity of using stop losses, I'd like it to get a little closer to a lower level, or to show some more upward momentum before I can find a sensible risk ratio.
For the most part I am just training my daily trend trading muscles. Hopefully doing so with quality repetitions. I see there are no earnings for two weeks so massive volatility should be out of our mind.
Cons: The 50 crossed under the 200 to the downside in what people call the death cross. I see price action is behaving very bullishly in this recent rally. It looks to me like price bottomed following negative earnings expectations, and is now on its way back up in classic bull fashion. The 200 is still sloped upward, so one could also argue this is a terrific time to buy.
**EDIT**
The markings I did on the 4HR time frame, then published on the daily. So some of the lines won't match up perfectly. But, the markings were made on the 4HR chart, not the daily.
WMT 1Q Earning Target 2021WMT flopped its fourth quarter earnings in 2020 announcing -.74 cents a share. I expect a report with a lot more strength with integration of E-commerce into it online store models as well as less fear surrounding COVID-19 creating boost in sales. With only 1% of shares floating short, The slow grind up, which has been evident since the middle of March, is likely to continue without any strong resistance. Being the largest retailer in 2019 boasting 523 B in sales (NRF.com) doubling AMZN sales, this stock is a solid frontrunner as we move into a post pandemic economy. The NFP report on April 2nd of 916k (almost double the previous month report) compared to the 652k estimate is also encouraging as this could lead to more consumer spending. Still to come this month are MOM retail sale reports on the 15th and 16th which will could potentially back this thesis. Furthermore, with the market creating new highs quickly, there could be a tinge of uncertainty or heightened volatility as the rally hasn't really had much catalyst other than jobs, but with WMT's Beta of .47 (Zachs) this stock is relatively safe. With a debt to equity ratio at a 2 year low as well, this stock is definitely a strong buy in my opinion and I have set my post earnings target for 160 with this stock. This would be an all time high and about a 2% increase from current highs which is definitely within reason all things considered.
WMT nice V shape Recovery! WMT 1HR CHART...
WMT looking nice for a recovery play to retest ATH and a nice gap fill to the upside. In a steady up trend channel looking to retest that downtrend resistance line and a possible breakout to fill the gap, also currently in a bull pennant, look out for a gap up and retest for an entry if it does.
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.