Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Reversal pattern after a downtrend.
Technical analysis of Walmart (WMT) reveals a significant setup. Currently at $121.61, the asset is showing downward momentum (-7.06%). Price action has carved out a classic Double Bottom. Volume is strong (2.03x avg) with moderate trend strength (35.9). A potential breakout level is identified at $135.16, targeting $149.92 with support near $127.78 (R:R 2.0).
What is your outlook on WMT?