Walmart may fall to 62.70 - 63.70

Our pivot point is at 69.3.

Our preference

The downside prevails as long as 69.3 is resistance.

Alternative scenario

The upside breakout of 69.3 would call for 71 and 71.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 69.4235 and 68.3012).

Supports and resistances

71.9 **

71 *

69.3 **

68.6

67.66 (USD-last)

64.7

63.7 **

62.7 *

61.7 **

Number of asterisks represents the strength of support and resistance levels.