Walmart (WMT): What would you do, Buy or Sell?
SUMMARY
Here is a long term chart of Walmart (WMT) spanning over 30 years. Elliott Waves states that the actionary fives and the reactionary threes is a motive fractal that occurs at all degree of trends and at all times. So, even within the immense span of over 30 years, Elliott Waves progress. The chart shows that all five waves could be complete. What happens after five waves are placed? There is a requisite correction. Would you be an aggressive buyer of WMT at this stage? Or would you doing profit selling?
The symmetrical triangle (blue) was an ideal pattern for wave 4. This pattern often precedes the starte of a wave 5. Price has also declined significantly since the wave 5 marking level and that has been labeled as red A. MACD seems a bit oversold and so a prime time for a red B wave bounce can be expected. Wave C should reach towards the prior wave 4.
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I would buy. They just bought out Flipcart, the biggest e-commerce rival to amazon in india for 16 billion USD. They are rapidly growing in the e-commerce space. Also they are expanding heavily in the retail space in Asian markets.
Vote Buy now
Excellent post. You know better about trading
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Can you please do analysis on HMNY.
I respect your work!
This huge buy is just going to let WMT compete with Amazon in the long run at the expense of lower revenues in the coming quarter. It is now adapting to mimic Amazon's aggressive acquisition strategy and this will benefit WMT in the long run as it did Amazon. Maybe more importantly, it keeps Amazon from buying Flipkart which is still more widely adopted than Amazon in India.
Great Post!! Can you please do one for EMB ETF when you get a chance? Thank you!
I would take some profits. WMT went sideways March - May 2018 and it just had a strong move to the downside with huge selling volume. The 20 day moving average is 11M (Million), but today's selling volume was 30M! If you're into Technical Analysis this is a quite a strong move with strong selling volume to support the argument that you should sell.
This information provided is really helpful. Thanks for all your post that is well informed. Just resteemed.
Perhaps WMT loses out to AMZN..