hello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price...
Price Had a break of structure last week, now creating the countertrend to retest the BOS and continue Downward Momentum
Waiting to see what Price action does at the Exhaustion levels.
Will be waiting for Buyers exhaustion, Bearish Engulfings, Cross of MA's, Break of support before Entering
After making a huge Downward move (so many confluences) at the start of the last week, Price has made a retracement to the 78.6.
Expecting a retest of the 78.6 Fib, Creating a double top, with MA's Crossing, Bearish engulfings, Break of Support with a retest.
What we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that...