Watch the Ascending Triangle on TPR closely. Trade with professional charting tools.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Market participants tracking Tapestry, Inc. should note the latest formation. Price has moved to $142.6 (2.49%) amidst recent volatility. Algorithmically, a Ascending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $156.74, targeting $178.45 with support near $135.03 (R:R 1.0).
What is your outlook on TPR?