Walmart (WMT): Building Momentum, Targets in Sight

Long-Term Trend Break : Walmart (WMT) was in a strong, sustained uptrend until early 2025, indicated by the thick green channel, but then experienced a significant correction in March that broke this primary ascending channel.
Established Support Zones : Following the March decline, WMT has established a "Good support" area near 91 to 93, with "Immediate Support" now identified at 96, indicating buying interest at these levels.
Current Price Action & Recovery Attempt : The stock is currently trading around 97.70, showing a bounce from its recent lows, suggesting an attempt to regain upward momentum after forming a potential bottom.
Defined Upside Targets : Two sequential bullish targets: a "1st Target" at 100, and a "2nd Target" at 104, which coincides with the previous resistance area and potentially the upper boundary of the long-term channel.


Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.