This is a long term chart of walmart. It shows a classical 4th wave triangle, with sideways consolidation of about 7 years. It rallied breaking out of the triangle for 1 year and has now looks like it has backtested the sloping trendline of the triangle. 12 months of rally seems way too small, both in price and time for 7 years of consolidation. We estimate walmart will reach $100 in the next 4-5 years. A bullmarket in thrift anyone?
No comments:
Post a Comment