Walmart Inc #WMT American stock is providing new buy opportunities as it broke all-time highs around $105 a few weeks ago, creating a strong weekly demand level of around $103 per share. The long-term supply and technical demand analysis for Walmart Inc is bullish. There is no reason to sell this stock or get rid of it if you are already long from lower using other stock trading strategies.
As trend traders, we should only think of buying Walmart stock since it has a clear uptrend and bullish bias. There are two possible outcomes for trade, either you win, or you lose. Both outcomes are fine because the result of a single trade does not measure your success as a trader. The success of a huge sample of valid trades over a long period should measure it.
We do not follow earnings or fundamentals in our stock analysis, but earnings is usually a catalyst, it helps the price to move. If you are a trader that does follow fundamentals, then Walmart Inc. is expected to report earnings on 08/15/2019 before the market open. The report will be for the fiscal Quarter ending Jul 2019. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.21. The reported EPS for the same quarter last year was $1.29.
This is the kind of price action technical analysis you will learn in our online trading academy. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances are ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
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