Wal-Mart (WMT) Chart Analysis

Monthly chart shows a large congestive wave pattern and descending triangle. Major resistance at the $50.00 range. Price is currently below the 34ema and looks to be heading lower still.





The weekly chart shows the $50.00 resistance more clearly, and shows the test of the $42.31 low, and possible test of the prior lows at the $41.50 range. if that breaks, then downside tgts are: $38 - $39.00 range, then $34 - $35 range.








Chart shows increasing momentum to the downside with the gap downs through the prior low set from a couple of weeks ago.