WMT | 4H Technical Analysis — Aug 24, 2026 Walmart reported Q2 with total revenue up 5. 9% YoY, e-commerce growing 23%, and global advertising revenue up 38%, with digital and new business segments carrying the quarter. CFO John David Rainey attributed part of the miss to pharmacy segment headwinds from federal drug pricing policy changes, noting the impact may persist into year-end. Rainey also flagged that while consumers are still spending, first-visit purchase rates have declined and energy prices are making it financially harder for households to sustain current spending levels. WMT has been in a well-defined descending channel since the May peak near 135, with price grinding lower through 120, 113, and 108 over the past three months.