15.08.2014 - Wal-Mart Stores may decline considerably
Share price of Wal-Mart Stores has broken through the lower boundary of the triangle and is trying to gain a foothold below this level. Confirmation signal to open short positions will be fixing the price below 72.00. In this case, the target levels will be 68.00, 62.00 and 58.00. Stop should be set above the local maximum at about 77.00. We expect a decline in price in the medium term by 15-20%.