WMTLONG-TERM: 4hr classic bullish divergence and daily hidden bullish divergence in an ascending triangle. (Not financial advice and moves slowly)
WMTD trade ideas
$WMT Walmart UpdatePrice has been moving according to our previous analysis. The price is bouncing off our (POI) and the potential target is $150 for now, but it can go beyond that price. Also, $IPOC has a merger with CLOVER on Jan 7th which has deals with walmart which can also help it run.
Trade Safe.
WMT long hereWalmart is looking for a breakout, it got hit with bad news and caused a selloff a few days ago. It is now on a trendline and seems ready for a move. It has a low RSI as well making it a better candidate for a long position.
WMT.. potential for the upsideWMT is on a 3rd touch on an uptrend channel's support as shown in the chart. there is also a nice hidden bullish divergence which indicates trend continuation.
Let me know what you think :)
Note:
This is not a signal, this just an idea of what I see. I appreciate you leaving a like .
Please trade at your own risk using your own analysis.
bottomed outwalmart seems pretty bottomed out here.
the feds suing walmart over the opioid crisis caused an overreacted sell off. still looking like a good time to add. i am in 160c 3/19/21.
Buy Walmart USD 140RSI 2 is currently below 10 and Price is above moving average 200.
Please trade with care.
#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net.
Also, we can observe a rebound on that RSI's oversold lower band (30).
This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart.
Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day.
Opening position: USD 145.95.
Stop loss: USD 144 (-1.30%)
First price Target: USD 153 (+5%)
Risk-Reward ratio: +3.91
(GOLD futures are already reacting positively on Sunday's night)
Cup and Handle Rising wedgeIntra-year cup and handle pattern..
Long after validation that RW does not interfere or fall from RW complete..
Support at handle low and mid cup which is 143..
WMT has dipped briefly out of the narrowing rising wedge..strong stocks may not fall far but the rising wedge is a bearish pattern most of the time.
A RW is not valid unless bottom trendline is broken and can be a long term pattern..takes at least 3 weeks to form differentiating it from a pennant.. A stock can break up from a rising wedge but the break out is often short lived.
Both trendlines in a RW slope up and converge, or narrow at the apex..They are caused by irrational exuberance and interfer with supply and demand..
NV is high as is OBV. Short interest is low so maybe WMT will not fall any further..
Long term up trend but the 5 MA is well below the last monthly candle. Price is often drawn to the 5 day moving average...It is harder than we think to change a trend as the market is like a huge ship that does not stop on a dime. The market has inertia and and likes to continue doing what it has been doing...it does not mean it will last forever though and ships do eventually stop and turn around...
Be safe/just an observation and not a recommendation
WMTLONG TERM: Upsloping channel working on it's 5th touch for a confirmation, with 4hr hidden bullish divergence and 1hr classic bullish divergence. (Not financial advice and tends to move slowly)
WMT - Cup and Handle Eyes on the $WMT ticker.. possible Cup n' Handle forming
Entry: ~$145
Exit: ~$149 (Conservative)
~$152 - $156
Hoping to break the $150.00 resistance. GLTA!
- Pocketfeeder
$WMT Charting PatternsTrending in a bullish price channel on 180 day chart. Looking for WMT to bounce off the 200 MA and make it’s way to $169.00.
RSI almost exhausted oversold indicators. MACD concurs.
"I'm not an expert but I have watched a number of youtube videos"
NYSE:WMT
WMT Looks Ready to EruptWMT touched the bottom of the 10 month channel while simultaneously finding horizontal support at a previous resistance level. If price continues consolidation, I'll be eyeing the Jan 15 21 $150c. Vol and OI seemed to be focused at that point and priced right.
$WMT Bullish Outlook TP: 151+After testing a lower trendline and .618 level I'm looking for WMT to push upward toward pivot.
TP1: 151
TP2: 156+
Loss of GP is the stop-loss as indicated on the chart.
WMT LONGWMT long after holding the same range for 4 days. Market got a pull back after US stim talks and UK COVID strain. This has held strong looking for back to the highs
Walmart Holds the TrendlineWalmart has fallen by the wayside lately as investors focused on reopening stocks. But now it could be poised for a rebound as the coronavirus pandemic worsens.
The big box retailer has a trendline starting at the March lows, which was tested in early July and late October. It’s now returned to consolidate at that line.
WMT’s 50-day simple moving average (SMA) has also been rising and follows the trendline.
Next, its recent consolidation zone around $145-146 is near the mid-October high. That could mean old resistance is becoming new support.
Finally, stochastics show an oversold condition.
The fundamental picture is also strong, with top- and bottom-line beats the last two quarters. Its digital transformation has been successful. Now brick-and-mortar sales could enjoy a boost if vaccinations drive traffic back into stores.
Overall, WMT is a large cap and major index member – exactly the kind of stock investors have shunned recently in favor of smaller names and IPOs. However, a sense of risk may be spreading in the market as coronavirus rebounds. The result could be a return to the big and safe names like the retail giant based in Bentonville, Arkansas.
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WMT - December 20, 2020WMT is the dominant all things retail, defensive in turbulent times stock. Throughout the pandemic WMT has exhibited stellar e-commerce growth of US sales up 97% yoy compared to estimates of just 37% in Fiscal Q2. These growth levels are attributable to increased online shoppers as a result of the pandemic, and WMT has exhibited a best-in-class adoption of their e-commerce platform. From a technical perspective, WMT has found a base in the 145 level and should look to bounce nicely from this level.
triple bottom? oversold on daily.potential triple bottom forming. looks to be bottomed out with buyers back in this range.
a retrace to 100% fib level would be ideal. watching closely for a clearer picture.
$WMT breaking out of Channel after Channel after ChannelIMO this is a great spot for an entry to this mosnter.
SL 137
PT 165
