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.