WMT Inverse Head & Shoulders Breakout....Classic Reversal Setup

Walmart Inc. BATS:WMT

Gutta_CEO_

Walmart ( WMT ) is completing a textbook Inverse Head & Shoulders pattern on the daily chart — one of the most reliable bullish reversal patterns:

Left Shoulder: ~$122–$124
Head: ~$118–$119 (April low)
Right Shoulder: ~$122–$124
Neckline: ~$128–$129 (clear horizontal resistance)

Price has now broken and closed above the neckline with solid volume — confirmation of the reversal.

Measured Move Target:
Add the depth of the pattern (~$8–$9) to the breakout point → $134–$136 initial target. Extension could reach $140+ if momentum continues.

Why this matters:
Walmart is a defensive staple with strong fundamentals (consistent consumer trade-down, e-commerce growth, and Walmart+ momentum). In the current uncertain market, this setup combines technical reversal with fundamental strength.

Support to watch: $126–$127 (former neckline, now support).

This is a high-probability setup with clear risk/reward. Low-risk entry on the breakout retest.

source https://www.tradingview.com/chart/WMT/KqXz63cJ-WMT-Inverse-Head-Shoulders-Breakout-Classic-Reversal-Setup/