Nov. 13 at 12:53 AM
$WMT is currently trading at
$103.54, which is near the lower end of its 60-day range (95.42 - 109.58). The RSI at 32.49 indicates that the stock is oversold, suggesting potential for a rebound. The current price is slightly below the 30-day moving average (MA30) of
$103.78 and above the 50-day moving average (MA50) of
$103.26, indicating mixed short-term momentum.
Given the oversold condition and proximity to support, a bullish bias is warranted. Suggested entry point is at
$103.60, with a stop-loss set at
$102.00 to manage risk. Target 1 is
$106.00, aligning with the MA30, and Target 2 is
$108.00, approaching the 60-day high of
$109.58.
Monitor price action closely for confirmation of the reversal.
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