Walmart sharpens decline - Analysis - 09-06-2022

Walmart's stock (WMT) fell amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, while the RSI reached overbought levels, mounting negative pressures on the stock, and targeting a loss of 0.87%, or 1.07 points, and settling at 122.30.

Therefore we expect more losses for the stock, targeting the pivotal support of 117.00, provided the resistance of 126.28 holds on.

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Expected trend for today: Bearish