Today’s instrument is Walmart Inc.‘s stock traded on the NYSE exchange under the ticker WMT. 

When we look at the WMT ‘s chart, we see the continuation of the downward trend since the start of the past week, falling from the $152 level down to the $150 and then further down to the $148, finding support at the $146. It managed to bounce a couple of times from the support level but with no follow-up consolidation. It was last found trading at the $148.11 range.

Today we can expect a move towards and below the $146 closest support level.

If however, it manages to hold on to the current level then a move close to the $150 range can be expected.

(Click on image to enlarge)