Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
And our finom group members had a healthy dip buy profit on $pep this morning from $143.95.
For another vantage point, consider that walmart inc’s price has gone down 11 of the previous 14 trading days.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
For another vantage point, consider that walmart inc’s price has gone down 9 of the previous 10 trading days.
Stocktwits can overwhelm many participants understanding about what truly works and what is fashionable and/or popular.
(Nyse:wmt) credit suisse group set a $157.00 price objective on shares of walmart and gave the company a “buy” rating in a report on tuesday, november 17th.
The price move occurred on volume that was down 11.48% from the day prior, but up 33.58% from the same day the week before.
There was never really any doubt as to what the market would do post the election and regardless of who won.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.