Final Targeting Analysis For WalMart (WMT)
Analysis Date: November 13th, 2023
We anticipate to see a major top for WMT on November 16/17th followed by a 50% drop over the next 3 months.
We have been able to narrow down the PRICE variable with our short-term calculations.
The most likely center of gravity is located at $173 (+/- $1). Yet, our long term calculations are not as precise as we would like it to be and expand this range to $173 (+/- $4). With a stop loss at $178. If WMT is able to break above $180 it would jump to its next level or about $200 (something we don’t see as likely).
Considering today’s price, WMT might be offering a perfect trade setup with earning being reported before the market opening on November 16th. If everything goes according to plan WMT will jump into the range above post earning and then begin to decline.
Analysis Summary For Wal Mart (WMT)
Analysis Summary: July 14th, 2023
We have a clear targets for Wal-Mart.
Time Target: October 27th, 2023 (+/- 5 trading days)
Price Target: $169 (+/- $2)
Projected Move: 50% down move by January 25th, 2024 (3 months)
Our work shows Wal-Mart (WMT) will experience a catastrophic 50% collapse between October of 2023 and January of 2024.
Trading Recommendation:
A short position should be established at any point between $167-169 at the end of October. Preferably around October 27th. A stop loss should be put in at $171. If WMT pushes above this level the overall forecast will fail. A 50-60% decline should follow into late January of 2024 (3 months).
A more detailed analysis will be available as we get closer to this October date.
