The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Technical analysis of Darden Restaurants (DRI) reveals a significant setup. The stock is trading at $196.31, up 1.13% on the day. The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $190.98, targeting $161.81 with support near $203.0 (R:R 2.43).
What is your outlook on DRI?