Walmart gives in to negative pressure - Analysis - 13-12-2018

Walmart's stock returned lower after the resistance of 94.00 held on, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 81.78 to 106.21), thus recording a loss of 0.79%, or 0.74 points, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as the resistance of 94.00 holds on, targeting the next support at 91.11, which represents the ratio 61.8% of the same retracement levels mentioned above. 

Expected trend for today: Bearish