| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 162.50 |
| Take Profit | 168.75, 171.88 |
| Stop Loss | 160.30 |
| Key Levels | 150.00, 153.12, 156.25, 162.50, 168.75, 171.88 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 156.25 |
| Take Profit | 153.12, 150.00 |
| Stop Loss | 158.40 |
| Key Levels | 150.00, 153.12, 156.25, 162.50, 168.75, 171.88 |
Current trend
Shares of Walmart Inc., an American company that manages the world's largest wholesale and retail chain, are actively rising as part of a long-term upward trend.
Currently, the price is close to the central mark of the main Murray trading range of 162.50 (Murray level [4/8]), the breakout of which will allow the instrument to strengthen its positions to the levels of 168.75 (Murray level [6/8]) and 171.88 (Murray level [7/8]). The key for the "bears" is the reversal level of 156.25 (Murray level [2/8]), below the middle line of the Bollinger Bands, the breakdown of which will act as a catalyst for strengthening the downward dynamics to the area of 153.12 (Murray level [1/8]) and 150.00 (Murray level [0/8]).
Technical indicators point out the continuation of the upward trend: the Bollinger Bands and the Stochastic are directed upwards, the MACD histogram is stable in the positive zone.
Support and resistance
Resistance levels: 162.50, 168.75, 171.88.
Support levels: 156.25, 153.12, 150.00.
Trading tips
Long positions should be opened above 162.50 with targets at 168.75, 171.88 and stop-loss at 160.30. Implementation period: 5-7 days.
Short positions may be opened below 156.25 with targets at 153.12, 150.00 and stop-loss at 158.40.
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