Walmart (WMT US) has corrected 27% from its 2022 but the downside momentum both in terms of downgrades and share price looks to have further to play out i.e. no hurry to start accumulating.
- At this stage the area we may consider accumulating WMT is ~US110 while leaving some $$ in reserve to average if we see a test of its 2020 $US102 low.
MM can see further downside for WMT
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