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Walmart channel + Fibonacci analysis
Walmart Inc.
Walmart channel + Fibonacci analysis
By dorfmanmaster
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Updated
May 29, 2020
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May 22, 2020
Since late april, WMT has been in an upward channel fighting to stay above the 10sma.
The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively.
The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down.
Watching closely.
May 29, 2020
Comment
Retreat at the 38.2% fib retracement held better than the 50sma.
Keeping on a watchlist.
Bollinger Bands Width (BBW)
Chart Patterns
discretionary
Fibonacci
Fibonacci Retracement
Technical Indicators
Parallel Channel
retailers
staples
walmart
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