Walmart: A Christmas Carol
Are you channeling your inner Santa Claus or Ebenezer Scrooge this year? Heading into November, we're not hearing the christmas bells just yet. Although the Walmart stock looks like its heading to the Northpole at $153.66, we expect a correction in between $145.22 and $153.66. Ideally, there'll be a turnaround heading below the support at $117.27. After pulling a Scrooge on us, the correction should be completed in the grey target zone between $116.49 and $105.01 before it moves back north.
The secondary scenario brings much more christmas cheer with a 40% chance, that the course exceeds the $153.99 with Rudolph guiding the way instead of dropping down south.
The secondary scenario brings much more christmas cheer with a 40% chance, that the course exceeds the $153.99 with Rudolph guiding the way instead of dropping down south.
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