Walmart Inc.
Panjang

WMT is ready for another phase of the price discovery

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This Week (July 8 - 12):

Support: The 20-day moving average around $96.70 is the first floor. Below that, the key range support is at $95.00.

Resistance: The top of the range and the all-time high around $101.50 is the ceiling that needs to break.

Next Month (July):

Support: The main support for the entire structure is the $95.00 level. A break below that would be a major warning sign.

Resistance: If we break above $101.50, there is no overhead resistance. We would be in "blue sky territory," with a projected target near $108.

Penafian

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