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Walmart Inc. (NYSE) Analysis, Chart, and Trading Idea

09.03.2023

Market Review

#WMT
 



The trend is ascending. The downwards wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 



Trading idea:

Buy at the formation of the uptrend wave structure, when the (A) wave breaches the sloping channel of the downtrend truncated structure;

Stop-loss: 137.28;

Target price levels: 144.45; 147.80.

Author: GC
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