Walmart surrounded with positive signals - Analysis - 08-02-2019

Walmart's stock rallied 1.14% in the last session, or 1.09 points, with positive support from the 50-day SMA, amid the dominance of the upward trend in the medium and short terms, with positive signals from the RSI after reaching oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, as long as the support of 94.29 holds on, targeting the important resistance of 100.21. 

Expected trend for today: Bullish