$WMT short trade

27 Eyl 2019

Price met the 1.618 fib almost perfectly. This asset is also trading in a rising wedge, bearish, and is fighting the trend line now. Price is making higher highs but the RSI is making lower highs which is a bearish divergence, indicated by the red trend line.



On the weekly I see an even more egregious bearish divergence, and an rising wedge pattern too. All of this makes me bearish on WALMART

2 Eki 2019

Not

WMT is starting to fall, as expected, if selling momentum picks up I expect to hit the first target, ~$112, by next week.