Walmart attacks current resistance - Analysis - 21-09-2018

Economies.com
2018-09-21 14:32PM UTC

Walmart's stock rose in the intraday levels, tackling the resistance of 95.88, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 109.98 to 81.78), with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, especially if the resistance of 95.88 was breached, targeting the next one at 99.21, which represents the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish     

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