Solid News

Walmart Inc., Technical Analysis

11/21/2022 10:25 AM

Shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are trading at 150.00.

On the daily chart, the price is correcting upwards, forming a local ascending channel with dynamic boundaries 139.00–154.00, and at the moment, the next wave of growth is approaching the resistance line at 154.00.

On the four-hour chart, the trend is moving into a trend stage, as the 61.8% Fibonacci retracement level at 145.00 was broken. If the current movement continues, growth may continue until the global target above the channel's upper border, around 160.00, is reached.

Technical indicators confirm the upward momentum: fast EMAs on the Alligator indicator are holding above the signal line, and the AO oscillator histogram forms upward bars in the buying zone.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023