$WMT Walmart back down to $122?I think we're in the process of seeing a fake breakout above resistance. Over the past few weeks, price has moved up past the $152 resistance, but price looks like it's now rolling over. Upon a break of that $152 resistance on support, it sets up the possibility for price to crash back to the $122 region before finding support.
I've put key dates on the charts for changes in price action, let's see what happens over the next month or two.
WMT trade ideas
Walmart.... trend down! Walmart the biggest revenue company in the world , declares it cant provide more profits consistently in 2022, institutional investors knew it far before and set a huge sell off today. For you mere mortal I`d suggest take the trend and realize something bad is coming up in the Usa economy maninly if Fed decide to raise rates faster than it might be. Fingers crossed and be ready for way down. Investors... NEUTRAL OR SELL IT!
Pull Back Fishing/Has Broken Down from Rectangle TopOUCH! Huge red volume bar!
Rectangle has broken bottom trendline.
Longer term moving averages may have fooled some folks as they do not look bad, yet. Moving averages can be a lagging indicator like analysts )o:
Perhaps a short term short.
I am letting the dust settle.
No recommendation.
Walmart bullish rally Here I have walmart on the 4hr time frame. Currently walmart is above the 200 EMA on daily chart. Walmart has printed higher lows with the candlesticks and lower lows on the MACD, hidden divergence. I am expecting walmart to bounce off the 200 EMA and rally back to the ATH right before earnings.
Walmart Descending ChannelWalmart is sitting at an obvious support level from 04/12, while a descending trendline from the ATH-to-lower-highs and 9-day EMA are all catching up to the price.
Wacky price action around the fed meeting may foil any plans I may have around shoring this at the top of the channel to the 4/12 low, or from the 4/12 low if it becomes obvious resistance once we get below it.
Wall Street seems to enjoy chopping us up on Fed days, so I'll be cautious with this one.
WMT looking good for a short term breakout opportunityFollowing WMT bullishness as of late, I believe we are in the midst of a broader rectangle breakout, and now an even smaller ascending triangle.
My clear break for an entry is 158.40, and from here I am first targeting 162.9 and then 170. These targets are from measured moves of the ascending triangle and rectangle, respectively.
Stop loss close to entry. Not financial advice.
WMT BUY BUY BUY Hey everyone! Thank you for being apart of one of the worlds greatest community!!
Now back to business. Walmart stock is way undervalued set up BUY limits at 142.47 and 135.84
And let that ride out until 2025 thank me then. Until now thank you for being here!
I will be selling courses on which indicators I use here on Trade View to be 100% accurate. Stay tuned.
WMT Breakout watchWMT coming back into ATH. This is the 4th touch increasing the odds of a break. Targets above would 158 & 162. Watch for failure at the 1.13 fib on any break. Careful with a rejection back into the red box. No longer interested below the red box. If a break above the long term range hold and extended move is possible.
Walmart losing lard off its backside. WMTImmediate targets 130, 128. Invalidation 154
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe