WMT trade ideas
Cup & Handle with some spiking upward price actionWMT wants up. Price action over the past few trading sessions has shown many spikes that quickly faded, whether they be in reaction to positive news or just intraday movements. It appears a cup and handle is forming which is easiest to see on the 30min. Fib targets above.
WMT 9/15 Movement Possible bullish movement on WMT for 9/15. Consolidating pattern with multiple breakout attempts.
WMT Short divergence + Elliot waveOn my previous idea, my wave count was correct on the 1H chart, the motive was a downtrend.
To add to the confirmation of a trend, there is a bearish divergence and towards the lowest prices we see 2 key areas of support/resistance.
My corrective waves were placed on these supports and I extended the 3rd wave, following the downtrend.
With this recent high price, evidence suggests price wants to fall to the previous area, a good opportunity to short.
Manage your own risk please :)
WMT and SPY love each other?WMT for Friday, September 11, 2020
SPY and WMT seem to be synchronized, so we have SPY here for reference.
(faded blue line)
Large fib is for the dip, showing it went down to the 1.618 line.
Seems like that may be the end of the drop... hopefully.
Small fib is for potential target zones for short term.
Breaking the 0.5 would be nice to confirm retracement.
Heading to 1 would be nice, 1.272 - 1.414 are my favorites.
We are currently in what appears to be a descending channel.
Hopefully we break out bullish and above the 0.236 line @ $137.87
Good luck!
WMT Elliot motive and correctional wave + MACDMy wave count works out as I plotted my ABC corrections last night before price got there
The MACD appears to almost have a sell signal and is below the histogram
Price may re-correct at the bottom of the next 1h so be ready to catch early pip
WMT chillinEntering a period of consolidation, hopefully a nice sandbox to play in. Keep a tight stop if the broader market drags this down with it.
E: 143 +/-1
T1: 157.14
T2: 162 (no signs of weakness)
S: 140.6
WMT - Neutral with 30% Long vs 60% Short and 10% SidewayWMT is in a downtrend.
On M15 and H1 form Bearish Flags.
It is likely that the price will increase slightly then continue the downtrend.
Target increased to the zone of $ 145.50.
Target dropped to $141 and $138.68.
Do not open any position at this time!
Disclaimer
Walmart Final Motive Wave $WMTWalmart current price: $142.83, entry price: $135.42 , stop price: $132.50, target price: $161.80. Seeing an incredible risk reward ratio setup with high probability in my opinion. I have little interest in shorting unless I can get puts around $147. Expecting powerful final 5th wave, of the 5th wave diagonal, of the extended 5th wave of this 5 year bull rally of WMT. Most optimized play would probably be $165 calls with Jan '21 expiration.
WMT Short-term KSTNYSE:WMT
The Know Sure Thing , is an oscillator that combines multiple time frames into a single measure of momentum for a financial intrument. It can be interpreted in the same way as other smoothed oscillators but must commonly indicates bullish and bearish momentum signals as it crosses above and below its moving average repectively.
$WMT Walmart Hitting Some Fibonacci resistance Walmart has acted very much like a tech stock today and has helped power the DOW higher.
The stock generally acts well within the boundaries of Fibonacci so we see $150 as strong resistance
in the short term with the need for more TTOk news to drive it higher.
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WMT- The StratReally need to work on exits. This is the third runner in the last week that I have jumped out too early on. Entry was based off 3 min chart.
Anyone trading The Strat feel free to give advice.
Bullish on Walmart, short term long tradeI have been inactive here for past 2 years since I last post about FX picks and market analysis. Due to nature of job and industry I try to avoid conflict of interest, anyway below are my analysis of Walmart.
Background about Walmart:
*Brick & Mortar Shopping Mall with about 4,700 stores (Supercenter)
*>50% revenue comes from groceries, follow by breakdowns to General Merchant, Health & Wellness and Other category.
*2013-2015, Walmart allocated 50% capital to new stores but in 2020 it has reduced to <20% in new stores
*They have business exposure in US, China (Sam's Club) and India (Flipkart)
*Target customer in US (low-middle income), China (middle to high income)
*Competitor = Amazon, Reliance, Costco, Target
*Defensive stock
Through the *ugly help* of Covid19, Walmart is able to accelerate their e-commerce investment and adoption rate, specially on their Walmart+ subscription plan which started 7th July (share price shot up 7%-8% intraday). Walmart Plus membership will reportedly include same-day delivery of groceries and other merchandise sold by Walmart. Think of Walmart Plus as the retailer's answer to Amazon Prime. It is a new membership program designed to compete with Amazon Prime. For a traditional brick & mortar business to transit and evolve alongside with technology adoption, I am pretty positive of Walmart's Omnichannel solution strategy (is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they're shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.) In July 29 they release a new online services "Ask Sam"; accommodating to customer's specify request such as price checking and locating fine products. While not forgetting about covid19's preventive measures they also added Curb side pick up for customers. (Lets just view it as their social corporate governance responsibility)
Moving forward, Walmart is putting greater focus on E-commerce, growing their online platform awareness and increase market dominance over the time via acquisition/partnership with Flipkart (81% stake), JD.com (10%) and Shopify (10% stake). The deal will open Walmart's Marketplace to Shopify's small business sellers, with the goal of bringing 1,200 Shopify sellers to the marketplace this year. Back in Q1 earning report, management has highlighted U.S. ecommerce sales shot up by 74% as the coronavirus outbreak drove more shoppers to buy online and pick up outside Walmart stores, as there are currently no clear vaccine for now, I believe that online grocery shopping data will remain sticky till Q4.
Catalyst - These are some events that are in favour of Walmart's share price
1. "Amazon says it is out of stock of household items and deliveries are delayed due to coronavirus demand", although this news happened back in mid-May, however this could also translate to lost of dissatisfied customer.
2. Walmart+ vs Amazon prime. Price and services competition. (competition of market share, shift in price sensitive customer)
3. Expended operating hours from usual 8pm to 10pm
4. More calls vs put for 21 August expiry options
I see this as a strong defensive stock similarly to how other retail supermarket stocks in other countries had rallied and remain bullish on their upcoming earning report on 18th. I am expecting better than expected earnings on their core business grocery and modest decline in their other segment of the business. This should also fit a nice breakout play to $145+/-
If you are bullish on this sector but cant decide which stocks to hold why not go for both Walmart and Target with decent portion of weighted portfolio. I am vested and above are just my small sharing. Good luck stay safe.
