BY LICIA LESLIE
January 03, 2024
Hi Shoppers,
Walmart (Ticker: WMT) has closed over the resistance level caused by that huge gap created on November 16th:
It has also cleared the 50 day moving average (yellow line).
I think WMT will rally from here to at least $163.80 and then $165.50.
I like the Jan19 160 calls.
Be sure it is looking bullish this morning and use a close below the 50 day moving average as your stop loss.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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