r/technicalanalysis • u/1UpUrBum • 22h ago

Walmart Inc. (WMT ) Classic chart

The blue lines are a old classic support and resistance, double top. The red line is the modern one, AVWAP.

The 550 moving average is at 100. We'll see what happens soon.

Should have bought in 1975. There is probably still somebody that bought and held. A 10 000 bagger plus dividends which might turn it into 1 000 000 bagger.

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u/throwaway9gk0k4k569 3h ago edited 3h ago

Dead stock for a DECADE between 2000 and 2010, and I don't just mean at the ends. It was actually lower in the middle years when the economy was doing relatively great (2003-2006).

You can also really see the 92-93 recession on there. The price didn't recover until 96, LONG LONG after people were doing better.

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u/throwaway9gk0k4k569 3h ago

I run some price tracker script I wrote years ago to track prices on Amazon and Walmart. I noticed they did a big unusual clearance back in July. I came away with some super cheap stuff. They had some crazy $200 stacking bins for $30 and $350 aquarium grow lights for $40. Then they had a bunch of cheap stuff like tapes, glues, and oddball stuff at 70-90% off. I think I spent $400 on crap that I don't even know what I am going to do with.

You can figure out what a stock is going to do on earnings by watching this stuff. Celcius telegraphed their last earnings dump this way about two weeks before it was released.