Daily WMT forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
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D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -0.2% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 1.2% (HIGH) ~ -0.2% (LOW), 0.8% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.0% (LOW), -0.4% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Wmtlong
WMT Approaching Support, Potential Bounce!WMT is approaching our first support at 87.23 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 93.14 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Wal-Mart WMT looks like it presents an opportunity to buy in at heavily discounted prices. To the tune of 20% off. Normally I would be interested in buying nearly anything that is 20% off.
Pull up this chart and look at it on the Weekly time frame. It appears as though our bearish trend might not be over and is just beginning.
Fundamentally I like Wal-Mart and I think that their entry into the meal kit service will present a great opportunity to increase store traffic.
Noticed large institutional buying of WMT in Q4 2017, and although positions are starting drown this likely appears to be a buy and hold opportunity.
I think the retail market will continue to grow in 2018 as we saw the highest retail sales growth in more than a decade (Q3 2017).