Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Sideways movement between parallel supports.
Market participants tracking Walmart should note the latest formation. Currently at $109.47, the asset is showing upward momentum (0.99%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 6.5/100, suggesting moderate momentum. A potential breakout level is identified at $106.79, targeting $78.42 with support near $118.09 (R:R 2.51).
What is your outlook on WMT?