Report
Eric Morera

Walmart (NYSE: WMT) Looking to Find Buyers During Pullbacks

Walmart (NYSE: WMT) Looking to Find Buyers During Pullbacks

In today’s article, we’ll be taking a look at the current  for the world’s largest retailer Walmart (NYSE: WMT).

Since August 2019, WMT rallied within an impulsive 5 waves advance which took the stock to new all time highs before the cycle ends on November at $125.69. Down from there, it started a correcting lower that unfolded in 3 waves move as a which reached the equal legs area at $113.7 – $108.6. The blue boxes presented in the chart is a High-frequency area where the instrument is likely to end cycle and make a turn in favor of the main trend which is in the case of Walmart to the upside. Therefore, we are expecting the stock to start another bullish cycle aiming for a break to new all time highs with a target round $134 – $140 area.

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Elliott Forecast
Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. 

Analysts
Eric Morera

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