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Wmtsignals

WALMART Short-term correction on the wayLast time we looked at Walmart (WMT) we gave a solid sell signal (March 27, see chart below), which served as a pull-back step for the stock's amazing recent Bullish Leg: This time, the Channel Up it's been trading on is more aggressive, with each Bullish Leg posting rallies of +22% and 23.60% and bottoms made only just under the 1D MA50 (blue trend-line), presenting easy buy opportunities. As the moment, the price is already on the Channel's top (Higher Highs trend-line), having completed a +22% rise and technically the maximum it can go to is +23.60%. As a result, we expect a short-term correction now of at least -6.40% (similar to the last one). We estimate that to be around $77.00 and once the 1D MA50 breaks again, we will get our new buy opportunity, possibly on the 4th candle after the break. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:WMTShort
by TradingShot
1
WalMart stock is accelerating!WalMart stock is accelerating! This chart shows the weekly candle chart of Wal Mart stock since the end of 2019. The graph overlays the golden section above the 2020 low point. As shown in the figure, the low point of Wal Mart stock in May this year just stepped back to 1.382 in the golden section of the figure, and the low point of the past three weeks just stepped back to 1.618 in the golden section of the figure! This shows that Wal Mart shares are in the early stage of accelerated growth, and the rate will probably break through the previous high! The next strong pressure level is the 2.000 position in the golden section of the graph (around 164.7)!
NYSE:WMT
by Think_More
WALMART may be approaching the end of this rallyWalmart Inc. (WMT) has been rising since the low of the June 13 2022 weekly (1W) candle. Along the way it broke above the key Resistance of the 1W MA50 (blue trend-line) and after it held the 1W MA200 (orange trend-line), it has established both as Support levels long-term. There are however two longer term patterns to consider that supersede those MA periods, and those are the Megaphone pattern since November 2020 and the Higher Lows trend-line/ Zone since November 09 2015. As the 1W RSI enters the Resistance zone that is holding since 2016 and only broke once, we have to start considering that the top is near especially as the price is approaching the Higher Lows zone of the Megaphone. As you see since 2016, every major test of the 1W RSI Resistance Zone hit at least the 1W MA50. This suggests that if you bought Walmart a few weeks back, you may start looking to book profits and re-buy lower either on the 1W MA50 or even a little lower, the closer to the Higher Lows trend-line, the better. If the price breaks first above the Megaphone's top (Higher Highs trend-line), it is an instant buy and a new bullish pattern will emerge. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:WMTShort
by TradingShot