CFD Trading – Buy Walmart Inc. (WMT.NYS) @ $139.80. Stop @ $135.80 and Target @ $146.60.

Walmart Inc. Stock Code WMT.NYS

Outlook
Since price moved above the cloud on 9 April 2021, price has managed to stay above the cloud. Twice during its correction, the decline was halted by the cloud, keeping the uptrend intact. In the previous trading session, price broke above a recent downtrend line, hinting of a possible change in price trend direction from bearish to bullish. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is around price of 26 days ago but is above the cloud at the moment.  MACD is bullish. If price can stay above the downtrend line, it is likely to test the previous high $146.50 within the next 2-3 weeks.

Strategy                  
$139.80              Buy
$146.60              Price Target
$135.80              Risk Management Stop
3 weeks              Trade Duration

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