WMT Future Buy Setup

This is one on my radar. WMT has dropped hard and could be forming a daily bear flag, which would be ideal since I will only consider buying it substantially lower. The thing I liked about WMT last time I owned it was that it was a “death by Amazon” retail survivor, having apparently gotten its eCommerce ducks in a row in time.

I guess its most recent earnings and EC growth were not quite enough per the market’s current expectations as it got hammered (thus coming back on radar). That’s forward opportunity.

wmt

I hold some exciting companies and plenty of boring ones. We NFTRH+’d a super boring one in a bottoming pattern last week and while this one has no technical setup, it’s got an objective.

In NFTRH 488 I’d noted WMT was back on watch for around 85, but generally it seems capable of anywhere between 80 and 85 with patience.

wmt

The end of each weekly report features charts of several individual stocks; those I own and those on watch that I’d like to own. WMT is currently one of them.

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.