Walmart Inc. : Impetus ahead
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$72.43 | $0 | $69.95 | -100% |
Technically, the Walmart’s share has been in a bearish trend ever since January with downward moving averages. The stock is approaching the USD 72 support and the timing seems opportune to benefit from a technical rebound. A buy order could be set to target a surge toward the USD 75.2 first resistance on the way up.
However, investors should not insist under the USD 71, because the bearish trend would resume under this threshold.