Current trend

Shares of Walmart Inc., an American company that manages the world's largest wholesale and retail chain, are actively rising as part of a long-term upward trend.

Currently, the price is close to the central mark of the main Murray trading range of 162.50 (Murray level [4/8]), the breakout of which will allow the instrument to strengthen its positions to the levels of 168.75 (Murray level [6/8]) and 171.88 (Murray level [7/8]). The key for the "bears" is the reversal level of 156.25 (Murray level [2/8]), below the middle line of the Bollinger Bands, the breakdown of which will act as a catalyst for strengthening the downward dynamics to the area of 153.12 (Murray level [1/8]) and 150.00 (Murray level [0/8]).

Technical indicators point out the continuation of the upward trend: the Bollinger Bands and the Stochastic are directed upwards, the MACD histogram is stable in the positive zone.

Support and resistance

Resistance levels: 162.50, 168.75, 171.88.

Support levels: 156.25, 153.12, 150.00.

Trading tips

Long positions should be opened above 162.50 with targets at 168.75, 171.88 and stop-loss at 160.30. Implementation period: 5-7 days.

Short positions may be opened below 156.25 with targets at 153.12, 150.00 and stop-loss at 158.40.