Hubert Senters here.
Let’s take a look at Walmart, WMT. Kind of subtle kiss of death trade here and it’s not that bad. I call the trade the kiss of death plus I thought it would get your attention. Anyway, broke down below the cloud here, one two, three days and then consolidate, dropped again and then retraced up touched or kissed the turning line which is at yellow line and now it’s going to start to drop again.
So where we’re going to go next with Walmart. Let’s see if we can just do some good old-fashioned support and resistance. Obviously right down here. And we’ve talked about this in another video this week.
We have an open window which is just a gap that needs to be closed so your area of interest will be around $82.66-ish. All the way down to $81.29 and then if it breaks that well then we’ll have to search for other support resistance areas which will be around the $75 area.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
