Walmart may fall to 64.40 - 65.40

Our pivot point stands at 70.6.

Our preference

Target 65.4.

Alternative scenario

Above 70.6, look for 72.2 and 73.2.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (69.9195) but above its 50 day moving average (67.935).

Supports and resistances

73.2 **

72.2 *

70.6 **

69.9

68.64 (USD-last)

66.3

65.4 **

64.4 *

63.4 **

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