My outlook over the Walmart stock My outlook over the stock
▪️From a Technical Perspective, there might be 2 entries, as marked on the chart. It will depend on what type of trade you are getting in - is it an underlying asset or CFD, is it short or long-term trade, and so on.
Price mice drop as it did previously to a point which I've marked as Entry #2, but it might not even go there
▪️Fundumentaly speaking
According to history, WMT did great during the high inflation period in 1978-80, while the whole $DJ30 was down 20%
From the last Earnings report company reported great numbers, but more importantly, they assured us that shelves are stocked up and Walmart is fully ready for Thanksgiving and Christmas. The supply issue is the number one concern nowadays in the general market rather than inflation.
We all know according to numbers that the average American spends around 30% more compared to previous years, meaning we should expect great numbers for the upcoming earnings reports.
I'd recommend holding the stock for the long or mid-term, but it might give us a great opportunity for the short term as well.
Good Luck Fellas
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