Razvan

Wal-Mart Continuing the Up Trend

Long
NYSE:WMT   Walmart Inc
2
Another interesting pattern has signaled an end of the correction. After the Island pattern, we can see now a symmetrical triangle, formed near the trend line and the lower line is in a very good demand zone . It was confirmed by a breakout over it's upper line. This might get the price back to the tops, especially that the triangles target is at 76.21. The breakout was a serious one, meaning that the market has momentum which makes the target quite accessible.

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