08.12.2015 - Wal-Mart Stores may continue upward correction

The price of Wal-Mart Stores after strong reduction and reaching the level of 56.00, started to correct upwards and now is around the level of 60.00. In case of continued growth and overcoming local resistance at 61.00, we expect a further increase to 63.00 and 66.85. In case of a fall, quotes can return to the support level at 59.00 and 56.00. In the near future the price can change a negative trend to a positive, but at the moment the trend remains negative and we are waiting for of the signal to open new positions.

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