WALMART #WMT - Upside potential in bearish trend

11 thg 3, 2021

WMT

- With the recent sell-off #WMT reached a strong area of support at USD 129
- From Dec-20 #WMT is in bearish trend however is now quite overextended to the downside and distant from the trend line
- MACD, below 0 therefore indicating bearish momentum, is reversing upward
- RSI left the oversold territory

Entry price $ 129.34
1st TP $ 134.19
2nd TP $ 140.00
SL $ 124.50