Walmart $WMT is a giant that has been bullish since 2016 until the bearish correction in earlier part of 2018. In the second half so far, the market has been bullish on WMT. Walmart (WMT) Weekly Chart(click to enlarge)- The weekly chart shows that the overall market since 2016 is still bullish. - Price held above a key pivot.- The weekly RSI held above 40, which reflects maintenance of the bullish momentum. - Also, price is still above the key 200-, 100-, and 50-week simple moving averages (SMA).Walmart (WMT) Daily Chart(click to enlarge)Bulls in Charge?- The bullish engulfing candle suggests bulls are in charge in the short-term. - After a bearish swing, this bullish one suggests that the bearish momentum is gone. Maybe the market is at least turning sideways. - If price can break the 200-day simple moving average (SMA), I would be even more convinced that bulls are in charge. - If there if a pullback, a hold above $88 would be a bullish sign as well. - In fact, it wouldn't be surprising if price pulls back when attacking the $90 level, while the RSI goes into the overbought zone.- At the moment, we have a slight bullish bias with some potential signs that can strengthen the bullish resolve. - I would limit my bullish outlook to $97 in case the market is going into a consolidation mode. - On the other hand, we can also consider scaling out to allow for a small position to venture the bullish continuation scenario to challenge $110.