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Razvan
Mar 11, 2013 9:05 AM

Wal-Mart Continuing the Up Trend Long

Walmart Inc.NYSE

Description

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.
Comments
Razvan
Target hit
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