Walmart - Inverse Head and ShouldersInverse Head and Shoulders setting up at the neckline. If the bulls win then we should see a huge pop off the 50 moving average.
WALMARTCL trade ideas
Symmetrical Triangle / RectangleWMT appears to be inside a triangle that is inside a rectangle. So there will be resistance at the top trendline of triangle and from the rectangle as well as support below.
Both of these are neutral patterns until a trendline is broken with a trend in that direction.
No recommendation. Three bottoms are close in price at bottom trendline of rectangle. There are also 3 tops that are close in price.
spinning top today and a Doji yesterday. Both are candles of indecision.
There have been 4 touches and a partial touch. Many times I have seen the 5th touch or swing in a triangle to be the charm but WMT remain inside for now.
wait for breakout/breakdown confirmation 🍿Walmart chart kind of reminds me of the $SNOW setup in a way, stuck between extreme trend support and resistance just like snow was before the big dump this week.
It will continue to be choppy until we get a clear breakout past one of the trendlines.
over 149 target 154, below 139.25 target 135
like and follow for more 💘
$WMT Bearish FOMC Setup 1/6/2022$WMT had a parabolic run up on 1/4/2022 with little to no consolidation. Elevator up means elevator down. It is also about to break back into the triangle trend it was forming. Also Dec 16-17 $WMT fell almost $8 and can also be considered a gap fill for $WMT coming back into trend, as shown by the green boxes. This play is puts under 143.60 (risky) or 143.00 (safe) for confirmation of downtrend break. Sell would be when $WMT touches support lines with only runners after that. $SPY confirmation is encouraged but not necessary because $WMT tends to move on its own.
WMT DailyEarnings mid February
VWAP 142.93
America's largest retailer by sales, Walmart operated over 11,400 stores under 54 banners at the end of fiscal 2021, selling a variety of general merchandise and grocery items. Its home market accounted for 78% of sales in fiscal 2021, with Mexico and Central America (6%) and Canada (4%) its largest external markets. In the United States, around 56% of sales come from grocery, 32% from general merchandise, and 10% from health and wellness items. The company operates several e-commerce properties apart from its eponymous site, including Flipkart and shoes.com (it also owns a roughly 10% stake in Chinese online retailer JD.com). Combined, e-commerce accounted for about 12% of fiscal 2021 sales.
Triangle on walmart dailyas you can see there is a triangle on walmart so its a GREAT time to open a long
WMTWeekly Chart Report
WMT on the weekly is sitting right at resistance. A break above 145 can take it to 151 level.
WMT2-2 Rev on the month off the bottom of a BF
2-2 Continuation on the week is also the 2U on the day
If we hit the 2 up Day PT we will trigger the 2U month
WMTWMT sitting right at resistance which is also the golden pocket. There is a chance for a retracement before it makes the next leg up. If it breaks resistance it will be an easy run to 146. If it decides to retrace you can find support at 140 and then 134.
wmt buyWMT buy .. buy after the break above the resistance level and 200ma at 143.62 .. target point next resistance level 150.57 ..
WMT beginning a Trend UpThis one floated in yesterday morning while attempting to quiet my brain.
It is actually having a good day today, and the guidance is that it could really get going tomorrow (Wed.)
I suspect it'll drop a bit later today, or maybe gap down (small) in the morning and you buy it.
I'm looking for a move up to around $157 topping around Jan. 6th .
Obviously, there could be a larger uptrend, but my work is typically shorter term swings.
"Save Money, Live Better"Walmart forming an Ascending Triangle on the 1 hour, extremely bullish on it if the market can maintain a stable direction. Most likely buying some calls.
Bear Flag alert, January shortPretty Textbook bear flag approaching the resistance line. I'm banking on a breakdown rather than bounce off since there is such little volume. Jan puts
WMT Ascending Triangle tradeMassive ascending triangle forming. You don't want to miss out on this one
I would wait for a few more days to see if it is following the pattern. If it stays in the pattern until mid-late January, it will breakout hard to at least $150 if not even higher.
Just keep watching the chart. Don't act on emotions, don't act recklessly, don't be rash. I am personally going to buy calls if the pattern holds until Jan 20.
This is not financial advice, I am not an investment advisor, these are just patterns I see.
$WMT - Inverse Head & Shoulder Potential right shoulder forming Looking like inverse head and shoulder is forming. Right shoulder is yet to be completed.
If the price break above neck line price of $146, we could get to $158!
Target 1 - $158
Target 2 - $176
Neck line - $146
Risk - Falls below $139 and failure to break above $146
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
WMT LONGRSI is up, good volume, tis the Season, I went out to 12/31 bought 144 calls at 3:00 pm they are cheap due to Market conditions.
WMT (Walmart, Inc.) Is BullishWMT (Walmart) Price closed above EMA 10, EMA 20, and Horizontal Support Resistance Level.
