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Wal-Mart Stores WMT
(Total Views: 1204)
Posted On: 01/09/2017 11:42:09 AM
Post# of 170
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Posted By: SwingTrade Guru
Investors need to be on high alert for a possible major breakdown in shares of Wal-Mart Stores, Inc. (NYSE:WMT). There is a bearish head and shoulder pattern formation on the stock chart. The retailer is hammering on a trend line (part of the head and shoulder pattern), that if broken, will yield a collapse on the stock to $59. This is not a small move, the stock is currently above $68. This is a 13% potential drop that could play out in weeks to a month or two. It definitely deserves attention from investors and traders.
















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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.



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