A key Rounding Bottom has formed on LYV. Analyze the breakout level now.
Gradual reversal from bearish to bullish.
Traders are watching Live Nation Entertainment (LYV) as price action tightens. The stock is trading at $165.77, up 0.81% on the day. Price action has carved out a classic Rounding Bottom. Volume is average (0.43x avg) with moderate trend strength (22.7). A potential breakout level is identified at $173.12, targeting $202.24 with support near $158.56 (R:R 2.0).
What is your outlook on LYV?