Today we'll analyze the Stock WMT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 50.94$ (02/01/08) to 48.53$ (02/08/08) a 2.41$ move
2- The current bullish trend started from 48.53$ at 02/08/08 and is currently trading at 54.40$.
3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 48.53 and 45.5, and is currently supporting at 53.378.
Mid term chart patterns :
5- The Stock was supported by a support line, identified by two points: 45.5 and 42.51, and is currently supporting at 50.3588.
Long term chart patterns :
6- The Stock formed Double Top Pattern at 49.37 that failed, and formed a support .
Conclusion:
WMT was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.
Resistance Levels: .
Support Levels: 53.38, 53.01, 52.16, 51.47, 50.77, 50.36, 49.38,.
We Moved!!
Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi
Monday, April 7, 2008
Wal-Mart Stores, Inc. (WMT) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
to get back to main page click here .
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment