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Wmtlong

$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
NYSE:WMTLong
by TheBlankFund
Price Trajectory for WMTWhere do you see WMT (a),(b), or (c). Or do you see something completely different? This prediction is open to new thoughts and opinions. Knowing the profits, I know if it will be worth it to sell early in the short term and then swing trade to accumulate more options and therefore make even more money. I see WMT hitting an all time high in the near future. Check out my included technical indicators to help you form your opinions, I have included Bollinger Bands, RSI, MACD, MA, and Divergence.
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
Walmart is expected to make big move post earnings $WMT BullishThis is a very easy long. Walmart ($WMT) like Dominoes ($DPZ) did not experience any major dump when the markets crashed and it was one of the first to rally. $WMT was sold off and money flowed out of $WMT into stocks that were crushed in May and June, $WMT consequently dropped below $120. It snapped back above $120 on the announcement of Walmart plus and retested above $130 and FOMO buying came aboard. After a bit of correction, it is expected to break out of its previous top and make new highs on strong earnings. There was no post dividend dump. $140 is an easily reachable target post earnings.
NYSE:WMTLong
by FleurdelisFX
WalmartStock Symbol: WMT Out of all the blue chips, walmart looks the strongest. Good old Wally world holding up like a champion. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
NYSE:WMT
by UnknownUnicorn2319099
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
NYSE:WMTLong
by AschraM