$Walmart(WMT.US) weekly we are early in the week but note the red stick indicating a temp top on the weekly at elevated RSI. Note that since my buy in Dec 2023 price has ridden the 50ma and the 21ma. Since the pullback in April all pullbacks/basing price has held at the 21ma weekly. So this gives us another level to watch for basing. Also note the strong volume the last 4 weeks have had so this again gives us an idea that a pullback might be shallow and the 21 might hold on the weekly as this gives the daily plenty of room to unwind. I also put a stochastic on this chart to show that it is turning south and has yet to put in a bear cross. Prior times when it gave a bear cross with temp top sticks it pulled in to help unwind. All the while the 21ma held price with the exception of April and that is where you can see price caught on the 50ma and stochs put in a bull cross buy signal. Price is what pays and indicators are secondary but can help confirm what price is/isn't doin. Only use them if they help you. Many get paralyzed by them and if you are one, then take them off your chart and follow PRICE and candle action.

Source: Sunrise Trader