Momentum is building with this Rectangle. See the live chart action.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Walmart (WMT) reveals a significant setup. With a last close of $125.05, volatility remains active (0.39%). The primary technical feature is a Descending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $118.02, targeting $106.35 with support near $129.69 (R:R 1.0).
What is your outlook on WMT?