WMT on the Radar: Breakout Potential or Exhaustion?
🔥📊 Technical Analysis (TA):
* Trend: WMT is in a strong uptrend, trading within an ascending channel and recently breaking a resistance zone.
* Support & Resistance:
* Support: $103.41
* Resistance: $105.29
* Indicators:
* MACD: Slight bullish momentum, but showing signs of slowing.
* Stochastic RSI: Overbought at 95.84, signaling potential exhaustion.
⚡ Options Market & GEX Insights:
* Key GEX Levels:
* Bullish Gamma Wall Resistance: $106
* Call Wall Targets: $110
* Put Support Zones: $94, $93, $92
* IV & Sentiment:
* IVR: 76.4 (High, indicating strong interest)
* IVX Avg: 33.3 (-0.31%)
* Call Positioning: 9.3% bullish positioning
🎯 Trade Setups:
📈 Bullish Scenario:
* Entry: Above $105.30 for continuation.
* Target: $106, then $110 (Gamma squeeze possibility).
* Stop: Below $103.50.
📉 Bearish Scenario:
* Entry: Below $103.40 for a retracement.
* Target: $101.59.
* Stop: Above $105.
⚠️ Final Thoughts:
WMT is at a key breakout level. If it maintains strength above $105.29, expect further upside, but beware of exhaustion signs from indicators. Watch for volume confirmation!
🔥 Stay sharp—WMT is on the radar for a strong move! 🔥
This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly.
* Trend: WMT is in a strong uptrend, trading within an ascending channel and recently breaking a resistance zone.
* Support & Resistance:
* Support: $103.41
* Resistance: $105.29
* Indicators:
* MACD: Slight bullish momentum, but showing signs of slowing.
* Stochastic RSI: Overbought at 95.84, signaling potential exhaustion.
⚡ Options Market & GEX Insights:
* Key GEX Levels:
* Bullish Gamma Wall Resistance: $106
* Call Wall Targets: $110
* Put Support Zones: $94, $93, $92
* IV & Sentiment:
* IVR: 76.4 (High, indicating strong interest)
* IVX Avg: 33.3 (-0.31%)
* Call Positioning: 9.3% bullish positioning
🎯 Trade Setups:
📈 Bullish Scenario:
* Entry: Above $105.30 for continuation.
* Target: $106, then $110 (Gamma squeeze possibility).
* Stop: Below $103.50.
📉 Bearish Scenario:
* Entry: Below $103.40 for a retracement.
* Target: $101.59.
* Stop: Above $105.
⚠️ Final Thoughts:
WMT is at a key breakout level. If it maintains strength above $105.29, expect further upside, but beware of exhaustion signs from indicators. Watch for volume confirmation!
🔥 Stay sharp—WMT is on the radar for a strong move! 🔥
This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.