The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are recovering after a serious decline in May.
At present, the price is testing the pivot level of 143.75 ([6/8]), the breakout of which will give the prospect of further growth up to the upper limit of Murrey's trading range of 150.00 ([8/8]). The key "bearish" level is the central mark of the trading range 137.50 ([4/8]), below the middle line of Bollinger bands. After the consolidation below it, the decline will be able to resume to 134.38 ([5/8]) and 131.25 ([4/8]).
Technical indicators point to the continuation of the uptrend: Bollinger bands are directed upwards, MACD is stable in the positive zone, and Stochastic is directed horizontally.
Resistance levels: 143.75, 146.88, 150.00. | Support levels: 137.50, 134.38, 131.25.