WMT 72.96: YTD 20% drop to long-term support zone

WMT dropped 20% from the 90.97 peak (January 13,2015) to 72.34 (June 10, 2015 low) (as shown on the weekly chart) near the 200 week moving average and the 71.51/72.61 support zone (October 7, 2013/October 14, 2014 range lows) where the stock could consolidate. The weekly RSI is oversold, cautioning for bounces. The 72.50/77.17 resistance zone near the 5-month falling trendline could cap near-term gains. A breakout above the trendline resistance would suggest basing.
Short term: neutral
Long term: neutral