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.

Search This Blog

Thursday, March 8, 2012

Wal-Mart (WMT) correction in progress. 2012.03.08

As stated in the previous analysis, Wal-Mart price is in a corrective move after the sharp sell-off from the mid-February.

In the next days, the traders should pay attention at the price action in the resistance zone area ($60.00-$60.40). If there will occur a reversal scenario that there will be high chances of new lows in the future weeks.

On the mid-term, the stronger support is in the $55.00-$56.00 area.  

No comments:

Post a Comment