Walmart Analysis 06 November, 2020

• Walmart rising inside impulse wave 3

• Likely to reach 146.40

Walmart continues to rise inside the medium-term impulse wave 3, which started earlier from the support level 137.50 standing close to the 61.8 % Fibonacci correction of the previous upward impulse from September.

The support area near the support level 137.50 was strengthened by the support trendline from March.

Walmart is likely to rise further toward the next resistance level 146.40 (top of the previous impulse wave 1) – followed by the powerful resistance level 150.00.