RectangleWMT appears to have formed 2 bottoms and the bottom of the rectangle, and close to a third bottom at that level. For now the bulls have made a stand here.
WMT is meeting resistance right now. If the support of the bottom trendline holds in the rectangle, then WMT should at least make a run to the upside.
Rectangles are horizontal trading channels and are neutral. Some do swing trade inside of the rectangle boundaries but rectangles do eventually break one way or the other eventually.
Possible stop under the bottom trendline of the rectangle.
WMT has had 5 touches so far.
No recommendation.