Walmart’s stock price (WMT) rose in the intraday levels after hitting a bottom that helped it gain ground and gather momentum, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $61.66, provided the support of $58.88 holds on.

Trend forecast: Bullish