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.

Previous analysis: http://markettechnicalview.blogspot.com/2012/02/wal-mart-wmt-is-trading-in-rising-wedge.html