Walmart ends cautiously higher - Analysis - 21-03-2018

Walmart Stores' stock (WMT) rose in the intraday levels, scoring a profit of 0.57% in the last session, or 0.50 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 89.47, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the long term (from 56.30 to 109.98). 

Therefore we expect the stock to return lower, targeting the next support at 83.14, which represents the ratio 50% of the same retracement levels, as long as it settles below the resistance of 89.47.