The breakout of Wal-Mart Stores through the 115.80 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Wal-Mart Stores to test 113.29 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 115.80 numerous times, Wal-Mart Stores has finally broken through. Can we expect a bearish trend to follow?
