McLaren_Trader

$WMT Downtrend Channel breakout

NYSE:WMT   Walmart Inc.
The stock has been following this downtrend channel for a few weeks now and has attempted to break out three times with no luck. However the company has earnings next week and based on the previous quarters we can anticipate a solid for 4Q 2020. This should be a strong catalyst for the company to break out of this trap and go back to ATH. I'll wait for confirmation of the the channel to break to increase my position

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