Walmart channel + Fibonacci analysis

Since late april, WMT has been in an upward channel fighting to stay above the 10sma.

The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively.

The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down.


Watching closely.

Kommentar:

Retreat at the 38.2% fib retracement held better than the 50sma.

Keeping on a watchlist.