Walmart Inc. : We anticipate a reversal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$77.49 | $0 | $75.8 | -100% |
At the current price, the company is trading 15 times its earnings for this year and thus has a significant potential.
Graphically, the return near an important support gives argument to the most optimistic. If the trend is now bearish in the short term, profit taking is part of a rebound on the USD 77.15 and therefore does not affect the upward trend in the medium and long term.
A decline seems possible on the USD 77.15 area. It could be a basis for a purchase to target USD 81.21. A stop loss will be fixed below the entry point to limit the risk.