WALMART INC.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 95.50 |
| Take Profit | 90.70 |
| Stop Loss | 97.00 |
| Key Levels | 90.70, 95.00, 95.50, 97.00, 98.60, 100.00, 103.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 98.60 |
| Take Profit | 103.50 |
| Stop Loss | 96.00 |
| Key Levels | 90.70, 95.00, 95.50, 97.00, 98.60, 100.00, 103.50 |
Shares of Walmart Inc., an American company that operates the world’s largest wholesale and retail chain, are correcting at 153.00.
On the daily chart, the price is falling, leaving the global ascending corridor with dynamic boundaries of 171.00–160.00.
On the four-hour chart, the exit from the range took place with a price gap of 170.00–159.00, signaling for the beginning of a downward cycle. If the quotes fall below the low of 150.00, they may reach the mid-May low of 145.00.
Technical indicators keep a local downward signal: Fast EMA on the Alligator indicator are below the signal line, moving away from it, and the AO histogram stays in the sell zone.
Trading tips
Short positions may be opened after the price declines and consolidates below 150.70 with the target at 145.00. Stop loss – 153.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises, consolidates above 155.00 and reaches resistance at 159.00. Stop loss – 153.00.
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