Details:
Walmart ( NYSE:WMT ): Over the weekly time frame, Walmart saw an impressive gain of 22.51%, highlighting a strong trend in its stock performance.
S&P 500 ( AMEX:SPY ) : This ETF tracks the S&P 500 Index, a benchmark for 500 of the largest companies in the U.S. stock market. During the same period, AMEX:SPY recorded a gain of 16.17%.
Consumer...
On the chart we can see a rising wedge.
The price broke down of the pattern.
We are expecting the price retest previous support and confirm it as a resistance, which would be our entry for the short position.
Stop loss: 155.14
Target: 138.44
