Solid News

Walmart Inc., Technical Analysis

2/15/2023 10:15 AM

The shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are correcting at 145.00.

On the daily chart, the price forms a global ascending channel with dynamic boundaries 140.00–161.00, and after reaching the channel support line, it reverses upwards.

On the four-hour chart, the construction of a local reversal pattern Head and shoulders is completed, the "neckline" of which, located around 145.00, has already been passed.

Technical indicators are reversing upwards: fast EMAs on the Alligator indicator crossed the signal line upwards, and the AO histogram is forming rising bars in the buying zone.

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