hi traders
Let's have a look at WMT on 4h time frame.
WMT has been consolidating after hitting new ath.
Bullish divergences formed , but we the price may get rejected at 100 SMA (Red line). If it gets rejected, wait for a pullback and buy at 58.95 $.
Target and stop loss are shown on the chart.
Good luck
Upcoming Earnings Release:
Walmart Inc. (ticker: WMT) is scheduled to report earnings before the market opens on 16 May. The consensus EPS estimate for the fiscal quarter ending April 2024 is $0.52, while the reported EPS for the same quarter a year prior was $0.49.
Strong Technical Evidence Supporting Buyers
Ahead of next week’s earnings, Walmart is offering...
Tower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
If you haven`t bought the dip on WMT:
Then analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-24,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would...
Walmart recently reached the low of the turquoise 4. Now the rise to the forecast top of the magenta wave (3) should ensue. With a probability of 39%, the green correction wave alt.(2) reaches a new low below the support at $57 in our alternative scenario.
Seasonality in the greater markets would align nicely with the WMT forecast in suggesting that further pullback is in the cards, with the longer term outlook remaining bullish.
Walmart is the biggest retailer and the biggest employer in the US.
This is a very simple setup with great risk-reward
US bulls do not want to see this fail.
Walmart broke out to record highs in February. Now, after a pullback, some traders may expect further upside.
The first pattern on today’s chart is the falling trendline that began in late March. WMT pushed against it this week and closed above it yesterday. Some traders may consider that evidence of a breakout.
Second is the April 2 low of $58.88. The retail...
A classic divergence on the daily stochastic mixed with insider selling ($4.5 billion) equals a possible local top. That it. That's the thesis. Keep it simple.
Using Jan 25 Puts @ $61.67 for $4.25 a contract. This is very cheap. A run of the mill 10% correction yields a 100% gain at expiration. Hopefully much more If the divergence plays out and this is a local top!
Market Contextualization:
The stock of Walmart Inc. (NYSE: WMT) has captured the market's attention following its first 3-for-1 stock split in nearly a quarter of a century. A maneuver emblematic of the company's robust financial health and a testament to its desire to democratize share ownership, particularly for its employees. The split, purely structural in...
Walmart should find support soon at this zone and this is the zone where I will go Long for targets of 62.84 to 63.50. Once we get a bounce Ill be hedging as well so either way money will be made despite what way this stock goes....THE main trade, however, is long bias.
Walmart is pulling back aggressively on what is a technical correction following deeply overbought RSI levels on the 1W timeframe. The 1D technical outlook has already turned bearish (RSI = 41.808, MACD = 0.470, ADX = 29.295) and is expected to extend towards at least the 1D MA100, as per all prior systemic pullbacks inside a logarithmic Channel Up pattern that...
Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move.
As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are...
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
In a groundbreaking move aimed at revolutionizing the apparel industry, retail giant Walmart (NYSE: NYSE:WMT ) has embarked on a visionary collaboration with unspun, a trailblazing fashion tech company. This partnership signals a significant stride towards reducing environmental impact, fostering sustainability, and revitalizing U.S.-based manufacturing.
At the...
Walmart is technically bullish on the 1D outlook (RSI = 66.294, MACD = 1.320, ADX = 41.735) but has reached the top of the 18 month Channel Up. With the 1D RSI Double Topped inside the overbought zone, the current price is increasingly unstable and the rally since the December 11th 2023 HL unsustainable withouth a correction. The three main pullbacks inside the...
WMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years.
WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history.
Some...
