WMT Testing Support, Potential Bounce!WMT is testing its support at 90.79 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing its support at 3.5% where a corresponding bounce is expected.
Walmart
WMT Approaching Support, Potential Bounce!WMT is approaching its support at 90.54 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 98.04 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 3.5% where a corresponding rise could occur.
The fall of WAL MART - #wallstreet #tradingNumbers do not lie. Wall mart earns less and less. Profit margins are low and net profit falls steadily over the last few quarters. This thing is not a good sign.
Making a fundamental analysis from my point of view, thiol is very overrated. With the last gross profit for me the title is worth about half. If it seems a crazy idea mine, think that its EPS is similar to that to Coca Cola .... Coca Cola, however, is 50$.
Looking at the chart, this moment seems similar to the descent of 2015. Only a change of direction of the eps in the coming quarters will stop the downtrend started.
The weekly mm7 broke down, thus starting a bearish phase. Three dashed black lines are drawn on the chart. they are not yet closed gap up. Interesting at 75.15 near a Fibonacci level. it is far? now, yes, but do not forget Coca Cola!
The first gap to close is at 90, near the Fibonacci 0.618 level. It seems an easy goal. Everything is for a price drop.
Good luck.
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Potential WMT Short, Earnings WendesdayHigh probability, Great Risk/reward, only way it goes wrong is if WMT crushes their earnings. I think even if they meet expectation's it'll still go down. If this chart isn't screaming "overextended" to you, I don't know what would be lol. I'm playing OTM Puts with 2-4 week expiry. Good luck
Walmart Short Idea. With BTCGoing to short Walmart. There is no reason for this thing to keep rising, just look at the earnings, all on the down yet the stock price keeps rising? I think this is a technical pull back to the golden area of fibs. Can enter anywhere here with a stop of around 107.5. Target the $75 area for a nice gain. Look at the ideas, everyone is buying and when that happens?
While the crypto market is doing nothing I am using BTC to play these markets at simplefx.com (my referral link) with margin, use 100x leverage for 10x on this asset. 50x for 5x.
When in profit lock in with a stoploss.
Walmart (WMT) - Flipping The Cart ! - 5/18/2018Unfortunately Walmart is not Amazon and nobody should expect its stock to rise by buying a loss making company in the name of growing market share. Walmart's acquisition of Flipcart ( Indian online seller like Amazon ) is a lottery for Flipcart's owners and headache for Walmart's share holders. Important question is how can one compete with a company which really doesn't want to make profit !! So as the things were standing, in coming years, Flipcart might have gone bankrupt after fighting with Amazon.
In this scenario, WMT can be sucked back to its previous boring range of $60 +/-10. In fact boring ranges of good companies are more easy and lucrative to trade. Can't wait for that !
Walmart Bull + $85 TargetWalmart's earning reports are due within a week and they are coming up as close competitors to Amazon. They recently acquired Flipkart in a needy but brilliant move to try taking more control in the emerging e-commerce market. Given that they were positively skewed to the left and are now facing a negative correlation, it may not look good. However, the recent acquisition of Flipkart, the market share they already owned in the retail industry and the fact that many of their retail competitors are losing ground looks like positive market potential. However, some analyst could claim these as assumptions or informational bias in looking at the outcome of the data. That being said, given the recent trend-lines in price with medium risk, an $85 short call seems imminent and highly likely.
Walmart will go down. E-commerce will win.Walmart can't grow their economy, they have 95% physical stores and 5% e-commerce. Amazon is growing with sales, while Walmart's expectations of profits are not met. Shareholders are losing value in Walmart, and that's why, I think over the next month, or even year, Walmart will fall.
Should Read Their Yearly ReportWas wondering why the sudden decision to close Sam's Club but once you see that Sam's Club has not been generating as much revenue. It all makes sense. Interesting move that makes their numbers look amazing really. So how does this play out in the long run. 1) Closing stores brings down cost since running those stores are not cheap in any way. 2) Makes the math look great. There's a college joke that goes around. If we drop the students with the lowest GPA and transfer them to another school. The GPA of both schools will increase. (Sad through really). They close Sam's club that are doing poorly and in return, the numbers for Sam's Club on paper will increase. As is Sam's Club really did not have a great few year.
s2.q4cdn.com(1).pdf
If anything, if you were a shareholder and saw Sam's Club results. You would most likely drop them too. As is Walmart does not have the greatest reputation so increasing wages and closing stores randomly helps them in both front. Wage increase shows their care for their workers and random closure just keeps people guessing. (Which explains why their stocks did not go as high as it should have.)
Anyways, have fun dissecting the rest of the report. Got to go back to class now.