MS51 trade ideas
WALMART: Bearish: Overbought alert: Impact on Dow JonesWALMART: Bearish: Overbought alert: Impact on Dow Jones
Be careful with Walmart as you can see cocoa and st microelectronic also rose to very very high historical levels and look at the correction that we had immediately after at least 40% drop
This action can have a significant impact on the Dow Jones
A strong correction could lower the DJIA index
I alert you on this I alert you especially on the notion of "stock market cycle" and "seasonality"
Walmart is overbought you just have to look at your technical indicators RSI, ROC, Stochastic, exponential moving average, Ichimoku, Fibonacci retracement.
We could go much much lower so be careful this action is overbought
Monitor your above-mentioned indicators.
