$WMT barely holding $100 right now — major psychological level and also sits right at that prior breakout zone.
Down ~25% from ATH peak to trough, which matches the exact drawdown depth from the last two bottoms before it ripped. RSI showing bullish divergence at those prior lows too — classic setup.
Forward P/E compressed hard from near 40 earlier this year down to 31 now. Still not cheap, but way more reasonable.
Support stacking up here: the $100 round number, prior resistance-turned-support box, and a clean trendline underneath.
Feels like déjà vu. If this plays out like the last two times, we could see a bigly bounce soon. Worth watching for a long setup if it holds here.
Down ~25% from ATH peak to trough, which matches the exact drawdown depth from the last two bottoms before it ripped. RSI showing bullish divergence at those prior lows too — classic setup.
Forward P/E compressed hard from near 40 earlier this year down to 31 now. Still not cheap, but way more reasonable.
Support stacking up here: the $100 round number, prior resistance-turned-support box, and a clean trendline underneath.
Feels like déjà vu. If this plays out like the last two times, we could see a bigly bounce soon. Worth watching for a long setup if it holds here.
