Walmart garners positive momentum - Analysis - 11-10-2018

2018-10-11 13:24:47 GMT (Economies.com)
Walmart garners positive momentum - Analysis - 11-10-2018
 

Walmart's stock feel as traders collected recent short-term profits, while the stock garners momentum to help it rise anew, as it settles above 95.88, a level that represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 109.98 to 81.78), with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, provided it settles above 95.88, targeting the next resistance at 99.21, which represents the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Likely Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1467
-0.0055
0.4782%
1.2985
-0.0087
0.6636%
14.745
0.113
0.769%
66.585
-2.696
3.891%
76.58
-3.23
4.05%
1230.060
3.355
0.274%
 
 
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