McLaren_Trader

$WMT Downtrend Channel breakout

NYSE:WMT   Walmart Inc.
The stock has been following this downtrend channel for a few weeks now and has attempted to break out three times with no luck. However the company has earnings next week and based on the previous quarters we can anticipate a solid for 4Q 2020. This should be a strong catalyst for the company to break out of this trap and go back to ATH. I'll wait for confirmation of the the channel to break to increase my position

Penafian

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