Stocks

Walmart may rise to 72.20 - 73.80

2024-06-09

Our pivot point is at 63.7.

Our preference

The upside prevails as long as 63.7 is support.

Alternative scenario

Below 63.7, expect 61.1 and 59.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 64.3595 and 61.652).

Supports and resistances

75.3 **

73.8 *

72.2 **

70.7

65.88 (USD-last)

64.7

63.7 **

61.1 *

59.6 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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