| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 156.30 |
| Take Profit | 159.38, 162.50 |
| Stop Loss | 154.00 |
| Key Levels | 150.00, 153.12, 156.25, 159.38, 162.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 153.10 |
| Take Profit | 150.00 |
| Stop Loss | 155.30 |
| Key Levels | 150.00, 153.12, 156.25, 159.38, 162.50 |
Current trend
Shares of Walmart Inc., an American company that manages the world's largest wholesale and retail chain, continue to trade within the framework of a mid-term upward trend.
The quotes have been between 156.25 (Murray level [2/8]) and 153.12 (Murray level [1/8]) for more than a week. If the middle line of the Bollinger Bands and the reversal level of 156.25 (Murray level [2/8]) are broken out, the upward dynamics will be able to continue to the levels of 159.38 (Murray level [3/8]) and 162.50 (Murray level [4/8]). If the 153.12 mark is broken down, further movement to the lower border of the trading range and the ascending channel in the area of 150.00 (Murray level [0/8]) is likely.
Technical indicators do not give a single signal: the Bollinger Bands reverse horizontally, the MACD histogram decreases in the positive zone, but the Stochastic rushed up from the oversold zone.
Support and resistance
Resistance levels: 156.25, 159.38, 162.50.
Support levels: 153.12, 150.00.
Trading tips
Long positions can be opened above 156.25 with targets at 159.38, 162.50 and stop-loss at around 154.00. Implementation period: 5-7 days.
Short positions may be opened below 153.12 with a target at 150.00 and stop-loss in the area of 155.30.
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