$WMT good entry point (4/5)

2022년 2월 8일

Conviction: 4/5

Thesis

• at former resistance-turned-support (2008 peak)
  
• near channel (2016) support
  
• very cheap (P/S of 0.67), although more expensive relative to own history
  
• RSI-W not overbought at all
  
• RSI-D showing possible bullish div
  

Risks
balance sheet is a bit weak (low quick ratio)