$WMT - Inverse Head & Shoulder Potential right shoulder forming Looking like inverse head and shoulder is forming. Right shoulder is yet to be completed.
If the price break above neck line price of $146, we could get to $158!
Target 1 - $158
Target 2 - $176
Neck line - $146
Risk - Falls below $139 and failure to break above $146
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
