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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Asset Watch
Friday, September 23 2022, 16:50pm
Source : TradingView
Walmart closed above its rising support line drawn from the June lows on Sep. 20, so its three-month uptrend remains in place. Its August intraday high of $142.72 did not fill the gap from the May 17 earnings debacle. And as most gaps fill, Walmart should retrace those losses at some point. A move above $146 also aligns near Walmart’s November and December 2021 highs, as well as its January and March 2022 highs.
The playbook is as follows: if the S&P 500’s negativity persists, Walmart could outperform by holding or remaining close to its rising support line. On the other hand, if Powell’s press conference spurs bullish optimism, there is plenty of upside available for Walmart to fill its May gap.
Is Walmart the perfect place to hide, or should you wait until October to make your move?
Sources:
S&P 500 seasonality:
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CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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