CFD Trading – Buy Walmart Inc. (WMT.NYS) @$140.75. Stop @ $136.00 and Target @ $147.00

Walmart Inc. Stock Code WMT.NYS

Price tested the upper edge of the cloud on 9 and 10 of June 2021 and was able to hold above the cloud. The next day, price broke above the highs of the two days that tested the cloud. Price also moved above the Base line resistance. This could be a sign of a reversal. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the next price resistance at $147 in the next 2-3 weeks.

$140.75              Buy
$147.00              Price Target
$136.60              Risk Management Stop
3 weeks              Trade Duration

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