Walmart may rise to 87.80 - 89.30

Our pivot point is at 79.9.

Our preference

The upside prevails as long as 79.9 is support.

Alternative scenario

The downside breakout of 79.9 would call for 77.5 and 76.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 80.695 and 78.5362). Finally, Walmart has crossed above its upper daily Bollinger band (82.6).

Supports and resistances

90.8 **

89.3 *

87.8 **

86.3

83.27 (USD-last)

80.8

79.9 **

77.5 *

76 **

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