Wal-Mart price action confirms a bearish move in progress as it broke below the T1 line a couple of weeks before and now the sloppy price action seem to form a corrective wave.
The previous analysis (http://markettechnicalview.blogspot.com/2012/02/wal-mart-wmt-target-on-mid-term-is-at.html ) stated, among others, that a throwback is possible at any time. The resistance zone is in the $60.00 area and the bears could wait until the price will get closer.
The target on the down side is set in the $55.00-$56.30 area, which represents a confluence of Fibonacci retracements and previous highs and lows.
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