Walmart Inc. (WMT/NYSE): general review
09 May 2018, 11:35
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 84.90 |
| Take Profit | 83.00, 81.00, 80.00 |
| Stop Loss | 87.00 |
| Key Levels | 78.00, 82.00, 85.00, 88.00, 91.50, 96.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 88.10 |
| Take Profit | 91.00, 93.00 |
| Stop Loss | 86.00 |
| Key Levels | 78.00, 82.00, 85.00, 88.00, 91.50, 96.00 |
Current trend
Walmart Inc. outpaced Amazon.com Inc. in the struggle to buy the largest Indian online retailer Flipkart, paying USD 15 billion for a 75% stake in the company's capital. Alphabet Inc., which will receive a 15% stake for USD 3 billion, will be the partner of Walmart Inc. in the transaction. India's e-commerce market is estimated at USD 50 billion in 2018 with the prospect of growing to USD 200 billion by 2036. The closing of the deal is expected by the end of this week and will be the largest business purchase for Walmart Inc.
Last week, Walmart Inc. share price decreased by 1.91%. S&P500 went up by 0.44% within the same period.
Support and resistance
The emitter is still traded in flat. The technical picture is uncertain. The company's shares are testing key levels of support and resistance: at 85.00 and 88.00, respectively. The instrument has the potential to further decline.
Indicators show the strength of the sellers: the price was fixed above 50 MA and 200 MA; MACD histogram began to decline. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #WMT shares are neutral.
Support levels: 85.00, 82.00, 78.00.
Resistance levels: 88.00, 91.50, 96.00.
Trading tips
If the price consolidates below the support level of 85.00, #WMT quotes may decline. Potential profits should be locked in by orders at 83.00, 81.00, and 80.00. Stop-loss will be placed at 87.00.
If the price consolidates above the resistance level of 88.00, one may consider buying #WMT. The moving potential is aimed at the area of 91.00-93.00. Stop-loss should be placed at 86.00.
Implementation time: 3 days.
Walmart Inc. outpaced Amazon.com Inc. in the struggle to buy the largest Indian online retailer Flipkart, paying USD 15 billion for a 75% stake in the company's capital. Alphabet Inc., which will receive a 15% stake for USD 3 billion, will be the partner of Walmart Inc. in the transaction. India's e-commerce market is estimated at USD 50 billion in 2018 with the prospect of growing to USD 200 billion by 2036. The closing of the deal is expected by the end of this week and will be the largest business purchase for Walmart Inc.
Last week, Walmart Inc. share price decreased by 1.91%. S&P500 went up by 0.44% within the same period.
Support and resistance
The emitter is still traded in flat. The technical picture is uncertain. The company's shares are testing key levels of support and resistance: at 85.00 and 88.00, respectively. The instrument has the potential to further decline.
Indicators show the strength of the sellers: the price was fixed above 50 MA and 200 MA; MACD histogram began to decline. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #WMT shares are neutral.
Support levels: 85.00, 82.00, 78.00.
Resistance levels: 88.00, 91.50, 96.00.
Trading tips
If the price consolidates below the support level of 85.00, #WMT quotes may decline. Potential profits should be locked in by orders at 83.00, 81.00, and 80.00. Stop-loss will be placed at 87.00.
If the price consolidates above the resistance level of 88.00, one may consider buying #WMT. The moving potential is aimed at the area of 91.00-93.00. Stop-loss should be placed at 86.00.
Implementation time: 3 days.
No comments:
Write comments