Walmart may rise to 80.90 - 82.60

Our pivot point is at 72.8.

Our preference

The upside prevails as long as 72.8 is support.

Alternative scenario

Below 72.8, expect 70 and 68.3.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 70.5225 and 69.636).

Supports and resistances

84.2 **

82.6 *

80.9 **

79.2

75.7 (USD-last)

73.9

72.8 **

70 *

68.3 **

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