WMT Options Watchlist (Based on the Chart)

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WMT Options Watchlist (Based on the Chart)Walmart Inc.BATS:WMTheavydiligenceThe chart is sitting at a decision point after breaking below both the rising blue support and the descending yellow support. Price is now attempting to reclaim that area, making the next move critical. 🟢 Bullish Idea – July 24/31 $120-$125 Calls A bullish setup begins if WMT can reclaim and hold above the broken support/resistance zone around $116-$117. That would signal the recent breakdown was a false move and could trigger momentum buying. If buyers continue defending that level, the next upside targets are $120, followed by $125, with the potential to retest the ATH resistance near $134.50 if momentum accelerates. Look for strong volume and a successful retest of the breakout level before considering an entry. 🔴 Bearish Idea – July 24/31 $100-$105 Puts If WMT fails to reclaim the broken support and is rejected below $116-$117, the breakdown remains intact. That would increase the probability of continued downside toward the projected support zone around $107, with $105-$100 becoming realistic downside targets if selling pressure increases. Watch for lower highs, rejection candles at resistance, and increasing volume on red candles to confirm bearish continuation. Disclaimer: This is only a trade idea based on the technical structure shown on the chart. It is not financial advice. Always do your own research, manage your risk, and wait for confirmation before entering any position.