(CercleFinance.com) – Boosted by its good results (the strategy aimed at increasing its online sales is bearing fruit) Walmart strongly crossed the $61.4 resistance of March 12 and 21 via an ‘escape gap’ which propelled the price towards a new zenith of $64.4.
The exit ‘from the top’ of the $58.7/$61.5 corridor validated an upward potential up to $64.3 which is already consumed… and this level coincides with a long-term oblique resistance: it is therefore a major resistance which once crossed would leave Walmart free to progress towards $70.
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