Bullish PennantWalmart started a down-trend after Apr 17, which was also a healthy correction after a big run-up.
I am bullish on this one, the reason for it:
> Chart paints a beautiful bullish pennant
>Earning beat will cause another run-up to higher levels. (which is very likely)
>WMT proved to be a recession-proof stock, so if another downturn occurs, it will probably rise again.
My suggestion:
>Limit buy at 123.37 and at a lower level: 122.30
>Stop Loss: 120.61
>Take Profit: 133.3