Intraday Technical Analysis Of Walmart Inc. - Thursday, May 18
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 was lastly traded at around $149.55.
Today it 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 at around $153-154. On the other hand, it could drop towards its support level at around $140.
More By This Author:
Daily Technical Analysis Of XAUUSD - Wednesday, May 17
Technical Analysis Of Capital One Financial Corporation
Daily Technical Analysis Of USDJPY - Tuesday, May 16
Disclaimer: Trading is risky. Information presented herein, is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...
more
Comments
