Shares of Walmart Inc., an American company that operates the largest network of wholesale and retail trade, are correcting at 89.00.

On the daily chart, the price is moving in an upward trend, holding below the resistance line of the channel with dynamic boundaries of 94.00–86.00.

On the four-hour chart, the quotes have not yet left the range but are breaking previous resistance levels, renewing the year’s high of 90.00 at the end of last week. If the asset consolidates below 88.00, the movement will continue with the target at 83.00.

Technical indicators are strengthening the upward signal: fast EMAs on the Alligator indicator are above the signal line, moving away from it, and the AO histogram is forming correction bars in the buy zone.

Trading tips

Long positions may be opened after the price rises, consolidates above 90.40, and reaches resistance at 96.00. Stop loss — 87.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 88.30, with the target at 83.20. Stop loss — 91.00.