Walmart (WMT) shares fell Friday after recording their largest one-day loss in more than a year yesterday following the release of a 澳洲幸运5官方开奖结果体彩网:disappointing outlook from the retail giant.

The company, which typically issues conservative guidance, kept to form, saying that its measured outlook reflects some unpredictability in the economic environment, implying worries over a slowdown in 澳洲幸运5官方开奖结果体彩网:consumer spending and the impact of 澳洲幸运5官方开奖结果体彩网:tariffs impo🐲sed by the Trump administration.

Despite their recent decline, Walmart shares have gained 64% over the past 12 months, boosted in part by the retailer’s ability to attract 澳洲幸运5官方开奖结果体彩网:higher-income consumers seeking value on essential items. The stock fell 2.5% to $94.78 on Friday amid a 澳洲幸运5官方开奖结果体彩网:broad sell-off for U.S. stocks.

Below, we break down the澳洲幸运5官方开奖结果体彩网: technicals on Walm✃ar𒁏t’s chart and identify crucial post-earnings price levels worth watching out for.

Ascending Channel Remains in Play

Walmart shares have trended higher in an orderly 澳洲幸运5官方开奖结果体彩网:ascending channel since March last year. However, more recently, the price ran into selling pressure near the pattern’s upper trendline after setting a 澳洲幸运5官方开奖结果体彩网:record high, with selling accelerating♛ aftౠer the retailer’s disappointing outlook.

It’s also worth pointing out that Thursday’s earnings-driven drop occurred on the highest daily volume since May, indicating conviction behind theཧ selling.

Let’s use 澳洲幸运5官方开奖结果体彩网:technical analysis to locate crucial price levels where Walmart shares could encounter support and also identiꦉfy a ke🅰y overhead area to watch during potential upswings.

Crucial Support Levels to Monitor

Heading into Friday's session, $96 was a key level to watch as it sat near the prominent December peak and the 澳洲幸运5官方开奖结果体彩网:50-day moving average, an indicator that has provided supp♋ort on several occasions within the ascending channel.ꦚ

With shares closing below this important technical level, the shares may drop to the $90 mark, a location on the chart where they may find support near the early-January trough.

The next lower level of interest lies around $86. Buyers could seek 澳洲幸运5官方开奖结果体彩网:entry points in this region near the top of a narrow 澳洲幸运5官方开奖结果体彩网:consolidation period tha🐟t🌸 formed on the chart during the first half of November last year.

A more significant correction in the stock opens the door for a fall to the $81 level. Investors who favor 澳洲幸运5官方开奖结果体彩网:buy-and-hold strategies could look to 澳洲幸运5官方开奖结果体彩网:accumulate shares in this area near the rising 澳洲幸运5官方开奖结果体彩网:200-day MA, which currently aligns with a range of comparable trading ✅levels between late September🉐 and early November.

Key Overhead Area to Watch

During potential upswings, investors should keep track of the $105 area. Those who have bought shares at lower levels may look for 澳洲幸运5官方开奖结果体彩网:exit points near the record high, which also s☂its in close proximity to the ascending channe♑l’s upper trendline.

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