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WMT

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.
NYSE:WMTLong
by Joko1010
Walmart's Next Stop All Time HighsHello friends, today I am completing a technical analysis on the 1D linear scale chart for Walmart Inc. (WMT), a retail company traded on the NYSE. In the chart I noted: 1) The WMT price has been moving in an ascending triangle since December 2020 with the first bottom trendline touch in March 2021. The bottom trendline has been respected two times with the second touch in October 2021. 2) The price is currently looking bullish based on a few indicators noted below. The price has potential to increase 5% or greater and make a new all time high. 3) The 21 Day EMA is hovering at the current price and the price is making an attempt to break it. 4) The Volume looks consistent with prior months. 5) The RSI is respecting the bottom trendline forming a Rising Wedge pattern. There is potential for the RSI to move higher as it recently completed a Double Bottom off of the bottom trendline. 6) The Stochastic RSI (Stoch RSI) is moving out of the oversold region with potential to create a double bottom or move directly higher. If it goes back down to create a double bottom, price may consolidate for a bit before moving higher. 7) The Money Flow Indicator recently exited the oversold region and headed higher. An example of the MFI reaching oversold region is shown in March 2021. 8) The Fibonacci extension showed the price recently re-tested the 0.382 level and currently entering the Golden Pocket (0.618-0.65). What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:WMTLong
by MillionaireEconomics
Walmart (WMT) - A Potential Pullback to About $130?Hello all, Walmart is showing a clear double top formation and has gone under its 20 week SMA. In the last few years, this has signaled a pullback of about 10% being in the cards, though I have circled in bright green 3 incidents where this did not take place. The double top formation, the historical trend, as well as the recent strength of tech stocks, and the inflation scares leading to a weakening of performance in retail/consumer stocks all lead me to believe that a pullback to $130-$135 is highly likely. All the best, Jason
NYSE:WMTShort
by JasonMP91
WMT shortEntry price: 150-152$ Target price: 135-137$ Stop loss: 153-155$ Chart pattern: double top - the price formed the second top, thus the price reversal is very likely Candlestick pattern: bearish engulfing RSI: approaching 70 level, therefore, the price is almost overbought Conclusions: the chart pattern, candlestick pattern and RSI suggest the trend reversal in the near future. Thus, the short position is recommended with the stop loss above the resistance level. No financial advice
NYSE:WMTShort
by vf_investment
#WMT: Buy the dip...There is a monthly and weekly uptrend in $WMT, and I like the reward and odds here vs the risk. I'm long using long term OTM call options here (June 2022 $165 calls), risking a palatable amount on call premium. Doing this, you can look into selling shorter duration calls periodically, or going short stock against the position to try and make the trade risk free. It's a good strategy if you have a knack for trading, while riding a big trend. I like the fact that Ray Dalio recently lost a big pension fund from his list of clients, and one of his top holdings is $WMT...as a bit of contrarian color. Alternatively you can trade this one with shares, as a long term position with no stop, it should work if it holds over $142-140, the signal implies a rally over $167 by May 2022, perhaps can reach target #2 at $198. My last trade was the yellow box you see on chart, a daily signal which generated a bigger monthly trend trigger. This entry now is the optimal entry to rejoin the trend (near my original entry). I sold the shares near the highs already. Cheers, Ivan Labrie.
NYSE:WMTLong
by IvanLabrie