Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, February 23, 2012

Wal-Mart (WMT) target on the mid-term is at $55.00 2012.02.23

Wal-Mart analysis of Tuesday showed a warning for the bulls and was establishing a good support in the $60.00 area.

Two days later, the price almost reached the $58.00 level and this bearish move could travel towards the $55.00 target in a matter of weeks or months.

However, a throwback is possible at any time (generated by speculators) and the $60.00 is now resistance.

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