WALMART in need of a short term technical correction.
Walmart has been trading inside a Channel Up since March and just formed a Higher High Top, same as on May 10th.
The main Support is the MA100 (1d) and long term the MA200 which is holding since October 21st 2022.
Trading Plan:
1. Sell on the current market price.
2. Buy at 152.00 as long as the candle is closing over the MA100 (1d).
Targets:
1. 152.00 (bottom of the Channel Up and 0.5 Fibonacci level).
2. 164.00
Tips:
1. The RSI (1d) also formed a pattern that is consistent with market tops since 2022.
Please like, follow and comment!!
The main Support is the MA100 (1d) and long term the MA200 which is holding since October 21st 2022.
Trading Plan:
1. Sell on the current market price.
2. Buy at 152.00 as long as the candle is closing over the MA100 (1d).
Targets:
1. 152.00 (bottom of the Channel Up and 0.5 Fibonacci level).
2. 164.00
Tips:
1. The RSI (1d) also formed a pattern that is consistent with market tops since 2022.
Please like, follow and comment!!
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