Walmart garners positive momentum - Analysis - 11-10-2018

Walmart's stock feel as traders collected recent short-term profits, while the stock garners momentum to help it rise anew, as it settles above 95.88, a level that represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 109.98 to 81.78), with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, provided it settles above 95.88, targeting the next resistance at 99.21, which represents the ratio 61.8% of the same retracement levels. 

Expected trend for today: Likely Bullish