Tomorrow, Walmart is announcing its quarterly earnings, and if the market’s expectation on the results is positive, then we should expect the price to rise towards its resistance level of $153, if negative towards its support level of $141.
Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.
Today’s instrument is the Walmart Inc.‘s stock traded in NYSE exchange under the ticker (WMT). Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide.
Looking at the WMT‘s chart, we see that the stock’s price was lastly traded at around $146.50.
Tomorrow, it is announcing its quarterly earnings, and if the market’s expectation on the results is positive, then today, we should expect the price to continue rising towards its resistance level at around $153. On the other hand, it could drop towards its support level at around $141.
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