 Technical Stock Analysis on Walmart Inc. (WMT)
Tuesday, May 17th, 2022
In this Wicked Stocks videos analysis, we show Walmart Inc. (WMT) presently testing meaningful channel-support, that if settled below would signal continued losses of roughly another 20% over the next 3-5 months Inversely, a weekly settlement at or above illustrated channel-support would allow price gains of 20% or more over the same time horizon.
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2 Replies to “Walmart Inc. (WMT)”
zaid kazi
May 26, 2022Hey, Walmart is rallying and heading back up to the 132ish speed line would that be a good area to reshort as im assuming it will be overhead resistance
Cary Artac
May 26, 2022Yes, that channel-bottom (132.61 – rising/weekly) can contain buying through June – possibly longer. Inversely, closing above 132.61 would be a sign to cover shorts – and consider going long into July.