
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
2021-05-18 • Updated
Daily chart of the Amazon stock price performance shows us a very clear sideways channel that has been there since August 2020.
The zone above 3500 provides resistance and has sent the price downward already two times in the course of the last nine months. The beginning of May was the most recent one.
The band 2850-2900 provides support and made the price revert twice since last summer.
Remember you can trade stocks in FBS Trader!
The stock doesn’t really go sporadically within the boundaries of the channel. As you can see, it tends to plunge fiercely and then start a new upswing in a steadier manner rising at a constant angle relative to the channel boundaries.
If nothing changes in the dynamics of this stock, we’re up for another upswing that’ll likely reach 3500.
Projecting the same pace and angle of ascension into the future, it should take around three months for the stock to get there. Hence, it’s a long-term game.
If you’re ok to hold the stock for a couple of months, buy it now, and hold it until it comes to 3500.
Over there, you’ll potentially make a minimum of 10% gain if the scenario is completed.
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
As April approaches, investors are searching for good opportunities in the stock market. There are two booming industries that look positive in the coming period; electric vehicle (EV) stocks and banking stocks.
The era of COVID-19 cheap money is over. Who is afraid of the Fed's tightening cycle? Apparently not stock-market investors.
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.