Walmart touches SMA resistance - Analysis - 24-03-2023

Walmart's stock (WMT) rose in the intraday levels, touching the resistance of the 50-day SMA, while retesting the resistance of the upward correctional trend line that was pierced  recently, with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of 134.23, provided the resistance of 140.90.

Expected trend for today: Bearish