A series of contradictions occur on Wal-Mart.
On the weekly chart, price stands at the Wave, but has not tested the strong support at 80$. The impulse is still red, and the Force Index is not yet in an oversold condition.
Looking at the daily, the situation looks better here. There is a false breakout below the last swing low, and it looks like this area could form a ledge. The impulse is blue already and the candle on the 20th is pretty bullish. The Force Index is oversold on the daily chart.
It will be interesting to see where this chart goes. The weekly is neutral, while the daily looks pretty bullish.
On the weekly chart, price stands at the Wave, but has not tested the strong support at 80$. The impulse is still red, and the Force Index is not yet in an oversold condition.
Looking at the daily, the situation looks better here. There is a false breakout below the last swing low, and it looks like this area could form a ledge. The impulse is blue already and the candle on the 20th is pretty bullish. The Force Index is oversold on the daily chart.
It will be interesting to see where this chart goes. The weekly is neutral, while the daily looks pretty bullish.