Walmart has reached a great support level at $117, and it might bounce for a small profit in the short run.
1. First confirmation and the strongest of possible bounce is the 200-EMA at $117. Long term investors and big money relay on this moving average since its more reliable than others.
2. We have reached an RSI of 30 in the daily and in the 4h Hour - at the exact level where the 200 EMA is, this means that the stock is oversold and its underprice.
3. We have built more than eight different support levels at this price since September of 20
Please Trade safe, and do your own DD.
1. First confirmation and the strongest of possible bounce is the 200-EMA at $117. Long term investors and big money relay on this moving average since its more reliable than others.
2. We have reached an RSI of 30 in the daily and in the 4h Hour - at the exact level where the 200 EMA is, this means that the stock is oversold and its underprice.
3. We have built more than eight different support levels at this price since September of 20
Please Trade safe, and do your own DD.