Chart of the Day: Is Walmart Squeezing Toward a Breakout?


Walmart has squeezed into a tight range after a big drop in the spring. Now some traders may be looking for a potential breakout.

The main pattern on today’s chart is the falling trendline along the highs of April, August and September. WMT remained consistently below this resistance until yesterday.

Second is …

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Walmart (WMT), daily chart with selected patterns and indicators, courtesy of TradingView.
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