Walmart Inc.
Panjang

Will Walmart break into a new high

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WMT Walmart has broken out of the consolidative range and is entering into a new high going forward. Major uptrend remain intact and ichimoku is showing a three bullish golden cross.

Long-term MACD is flat while Stochastic Oscillator has been rising steadily and formed a crossover above the 50 midpoint level. 23-period ROC is back into the positive zone. Volume has been rising steadily and expansion is healthy.

Key support is at 91.00. Target will be at 114 in the near-term and 135 over the longer-term period.

Penafian

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