$Walmart(WMT.US) daily start with price and note yesterday doji. Doji's are an indecision stick and potential reversal stick after a trend move higher or lower. (A side note: In the middle of a base I think doji's are just noise. The trend is important to me when It comes to doji's. A doji must be confirmed by the next days stick. The closer to close the more 'real' the confirmation is. Today price opened (116.57) below yesterday close (116.79) and at this moment in time is still lower than yesterday close/doji close. This confirms the temp top and price is likely to move lower. How much? No one knows only time will show us. Now note the RSI hit overbought and then put in a negative divergence with yesterday higher high. Another signal that price may be at a temp top. the MACD is elevated and needs to unwind. Note in 6 months the 3 reading is high. I am not saying short this strong name. I am saying this is where one would take a little off and inch up stops expecting some sideways to downward action to unwind. First up for basing/pull back is 10ema, then 112 area, then climbing 21ma, the 109.35 area all levels to see for basing/pullback/unwinding action. Daily chart.

Source: Sunrise Trader