 Welcome, traders, to another TickMill earnings report preview with me, Patrick Munnerley. Before we jump into today's report, it's important as always that we adhere to the risk disclaimer, the material providers for information purposes only and should not be considered as investment advice. The views, information and opinions expressed by me in this recording are solely mine and they're not indicative or representative of those held by TickMill UK or TickMill Europe Limited. Okay, let's jump into today's report. Today we're looking at Walmart. Walmart are expected to announce earnings before the New York Open today. Looking for an earnings per share of $1.46 on revenue of $138.12 billion. It's noteworthy that that revenue number would represent a 0.14% drop from the prior years, like the light quarter. Looking at the full year, consensus estimates suggest unless you're expecting earnings of $6.77 per share on revenue of $589.42 billion, these totals would mark changes of plus 4.8% and 2.91% respectively from last year. Investors might also notice recent changes to analyst estimates for Walmart. Recent revisions tend to reflect the latest near-term business trends as a result. You can interpret positive estimate revisions as a good sign to the company's business outlook. However, within the past 30 days, the consensus EPS projections for Walmart has remained stagnant. Evaluation is also important. Investors should note that Walmart has a forward PE ratio of 22.1 at the moment. Evaluation marks a premium compared to its industry average of forward PE of $11.38. Investors should also note that Walmart has a price-to-earnings growth ratio of 4.02 right now. This popular metric is similar to the widely known PE ratio, with the difference being that the price-to-earnings growth ratio also takes into account the company's expected earnings growth. The retail supermarket industry currently has a PEG ratio of 1.05. Let's jump in and take a look at some of the statistical trading patterns that we can note from prior releases. Shares have tended to move lower in the immediate aftermath of earnings, 7 out of the 12 previous reports. On average, the stock has moved up 0.1% in the first day of trading after the company reported earnings. Based on the previous 12 earnings releases, Walmart is more likely to trade lower one day after earnings for an average loss of 0.6%. On average, the stock has moved lower by 1.2% one week after earnings. From an options perspective and ply volatility, options traders pricing in a 4.6% move on earnings, the stock has averaged a 2.8% move in recent quarters. From a flow and sentiment perspective, on May 11th there was a noticeable selling of 1779 contracts of the 142-pooked expiring this Friday. Options order flow sentiment in general has been a bit more bullish. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Walmart shares have tended to drift by about 7.4% post the earnings announcements using the last 12 quarters days, the average drift between earnings announcements has been about 3.1%. Let's jump into the chart then and see if we can identify some near-term trading opportunities in the stock here. In terms of the setup here, we have been obviously in line with the broad market seeing a move to the downside in this descending trend channel. However, we did get a very bullish reversal candle yesterday. So any move through the 14980s here should see price move up into the 154-155 area. From there, I'd be watching for bearish reversal patterns. My preferred strategy here is looking for another leg to the downside once we correct this initial pullback. The area I'm really paying attention to is this 140 area. We've got a high volume load there on the daily and the weekly charts. We've also got the yearly pivot coming in 141. So any pullback into this 140, 141 area is where I've been watching for bullish reversal patterns as an opportunity to build a long position in Walmart and certainly then thinking about move up into monthly projected range resistance at the 158 handle as the next upside objective in this stock. However, any close through the 139 would be a bearish development. And then I've been looking for a move down to test 132 as the next downside objective. Through there, we look for this low-volume node on the weekly chart at 127. As always, trade us, plan the trade, trade the plan, and most importantly, manage all risk. Until next time, thanks very much.