Walmart gathers positive momentum - Analysis - 23-06-2017

Walmart Stores' stock (WMT) fell in the intraday levels, recording a loss of 0.94% in the last session, or 0.72 points, as the stock gathers momentum to help it rise anew, while trading within an ascending price channel that limited recent trading, aiming to lean on that channel's support, with positive signals emitting from relative power indicators, after reaching extremely oversold levels, countered by negative pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of 77.76, as long as it trades within that price channel.