Walmart Inc.

Walmart: New Impulse!

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After a period of indecision, Walmart's stock has recently gained new upward momentum. It's once again heading towards our red Short Target Zone ($127.46 - $134.37), where the green wave [3] is expected to conclude. In the primary scenario, we anticipate a subsequent break of the support at $97.90 and a decline into our green long Target Zone between $80.90 and $69.60. Alternatively, the high of the green wave alt.[3] might have already been set. A direct sell-off below the mentioned support would then lead the stock into our green Long Target Zone earlier (probability: 34%).

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