Walmart may rise to 85.80 - 87.30

Our pivot point is at 78.8.

Our preference

As long as 78.8 is support look for 85.8.

Alternative scenario

Below 78.8, expect 76.4 and 74.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 80.3975 and 77.4368).

Supports and resistances

88.7 **

87.3 *

85.8 **

84.4

80.89 (USD-last)

79.7

78.8 **

76.4 *

74.9 **

Number of asterisks represents the strength of support and resistance levels.