Walmarts stock price (WMT) inched up in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching overbought levels, as the stock tries to shake off negative pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $61.65, provided the support of $58.90 holds on.

Trend forecast: Bullish