Walmart may fall to 63.40 - 64.50

70.1 is our pivot point.

Our preference

Under pressure below 70.1.

Alternative scenario

Above 70.1, look for 71.9 and 73.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 69.7055 and 68.2182).

Supports and resistances

73 **

71.9 *

70.1 **

69.3

67.74 (USD-last)

65.5

64.5 **

63.4 *

62.3 **

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