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Random Chart Analysis

|Includes: ABEV, CSCO, VZ, Walmart Inc. (WMT)

Bullish - After successful retest of lows, this looks poised to make a return trip to upper channel.

Bearish – Rising bearish wedge is forming and after topping out around $250 should see a correction back to $200. Wouldn’t be surprised to see this split soon (which could coincide with an intermediate top.

Bullish – breakout of (massive) falling bullish wedge could see this rally although the major trend is down so I would use it as an opportunity to unload shares that have been dragging down one’s portfolio.

 

Bullish – huge cup with handle forming…could make a serious run here. I believe they pay a nice dividend as well.

Flat – Bearish – WMT was rejected at resistance and is trapped in a large wedge pattern. Will likely churn and retest the lower channel. A breakout of this would signify a return of the consumer and healthy markets going forward.