Largo
Target: 160s by Feb 2021
Nice bounce coming in for $NYSE:WMT at the 50 day moving average.
Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings.
I consider WMT to be a good long-term hold as well to keep the portfolio diversified.
I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
Seeing the cycle analysis, I feel there may be some downward pressure to slow the pace for about 10 days, but WMT is at a strong support trend. We should see a consistent run up in the current channel from Jan to Feb. Potential to hit $160+ by earnings.
I consider WMT to be a good long-term hold as well to keep the portfolio diversified.
I also like that WMT isn't going "pandemic rally crazy" like some other stocks. WMT has grown out of the green channel (currently sitting below $116) since 2019. While the March 2020 dip pulled WMT back into the green channel, it jumped out of the channel soon and has not re-tested that channel. I'm very bullish on WMT long-term.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.