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Walmart And The Beauty Of Technical Analysis

Published 02/19/2016, 12:13 AM

Forget about the news, forget about the WMT earnings, forget about the market's epic rally here.

Just take a moment to look at this beautiful technical bounce out of Walmart (N:WMT) today.

WMT Daily Chart

The rising support level held perfectly, and since then the stock has been rallying nicely off of those lows.

Now you also are faced with key resistance overhead, that has played a pivotal role over the past 6 months of trading and should do the same again here.

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