Yung_Crypt0
Short

$WMT short trade

NYSE:WMT   WALMART INC
Price met the 1.618 fib almost perfectly. This asset is also trading in a rising wedge , bearish , and is fighting the trend line now. Price is making higher highs but the RSI is making lower highs which is a bearish divergence, indicated by the red trend line .


On the weekly I see an even more egregious bearish divergence, and an rising wedge pattern too. All of this makes me bearish on $Walmart
Comment:

$WMT is starting to fall, as expected, if selling momentum picks up I expect to hit the first target, ~$112, by next week.
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