WALMART in need of a short term technical correction.Walmart has been trading inside a Channel Up since March and just formed a Higher High Top, same as on May 10th.
The main Support is the MA100 (1d) and long term the MA200 which is holding since October 21st 2022.
Trading Plan:
1. Sell on the current market price.
2. Buy at 152.00 as long as the candle is closing over the MA100 (1d).
Targets:
1. 152.00 (bottom of the Channel Up and 0.5 Fibonacci level).
2. 164.00
Tips:
1. The RSI (1d) also formed a pattern that is consistent with market tops since 2022.
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