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.%
1.1203
-0.0041
0.3626%
1.2951
-0.0051
0.3946%
14.928
-0.076
0.510%
66.233
2.223
3.472%
74.44
-0.06
0.08%
1274.565
-1.135
0.089%
 
 
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