The breakout of Wal-Mart Stores through the 138.06 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Wal-Mart Stores could test 135.27 within the next 20 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 138.06 numerous times, Wal-Mart Stores has finally broken through. Can we expect a bearish trend to follow?
