Walmart
Walmart had good earnings on Thursday May 6 2024 causing the stock to gap up from a low of 59.47 to a high of 71.34, roughly a 12 dollar move over the last few months. The daily chart is telling me that the stock looks o be in a strong uptrend. It had a pulled back to demand on Friday at 68.61 for a healthy re-test where it bounced but then got rejected off of the 5 and 10 day supply. Any close above 70.36 with relative volume will have me looking to take out targets at 70.77 witch is Thursdays high and then make a new attempt at new monthly, weekly, and yearly highs if price action confirms. 70.36 to 71.30 for upside moves and any close below 68.61 will have me looking for downside targets at the 67.50’s area.
Twiney
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