See how the Rectangle is playing out for L. View live chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Market participants tracking Loews Corporation should note the latest formation. Price has moved to $107.69 (0.98%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $103.64, targeting $89.83 with support near $108.09 (R:R 3.1).
What is your outlook on L?