If you own WMT you are probably saying, to yourself, where is the rally. Since March WMT has done squat. As it is a very good quality company this, of course, makes me very suspicious of the current rally (best performing stocks are trash). I did a quick analysis and poor WMT is stuck in a triangle and cannot seem to get out:
Stuck in a triangle is no fun
Once WMT manages to escape it is either upto the 60’s or down to 42. I’ll continue to watch from the sidelines until it makes a break…
