After a period of indecision, Walmart's stock has recently gained new upward momentum. It's once again heading towards our red Short Target Zone ($127.46 - $134.37), where the green wave [3] is expected to conclude. In the primary scenario, we anticipate a subsequent break of the support at $97.90 and a decline into our green long Target Zone between $80.90 and $69.60. Alternatively, the high of the green wave alt.[3] might have already been set. A direct sell-off below the mentioned support would then lead the stock into our green Long Target Zone earlier (probability: 34%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.