WMT Beats - Market Analysis for Nov 19th, 2024

Good Tuesday Morning, MPTraders!  November 19, 2024-- Pre-Market Update: WMT beats... The report is about as close to "perfection" as expected, which has goosed the stock 4% to a new ATH at 88.00 in pre-open trading, right into my optimal Target Zone of 87 to 89. My attached 4-Hour Chart shows the price surge that my pattern work indicates is the final thrust of the post-August advance from 65.00 to somewhere in the vicinity of 87-89, where WMT will need a period of rest, digestion or correction...

WMT's chart setup notwithstanding, its healthy guidance ahead of the critical holiday seasons bodes well for retail sales in general into year-end...  Last is 86.95...

From Seeking Alpha...