Stocks

Walmart may rise to 71.60 - 73.10

2024-06-15

64.3 is our pivot point.

Our preference

As long as 64.3 is support look for 71.6.

Alternative scenario

Below 64.3, expect 61.9 and 60.3.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 65.816 and 62.3612).

Supports and resistances

74.6 **

73.1 *

71.6 **

70.1

67.02 (USD-last)

65.3

64.3 **

61.9 *

60.3 **

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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