Walmart ends cautiously higher - Analysis - 22-05-2018

Walmart Stores' stock (WMT) rose in the intraday levels, scoring a profit of 1.04% in the last session, or 0.87 points, after the support of 83.14 held on, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the long term (from 56.30 to 109.98), with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if the support of 83.14 was breached, targeting the next one at 76.81, which represents the ratio 61.8% of the same retracement levels.