A key Bullish Flag has formed on RJF. Analyze the breakout level now.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
RJF is showing interesting structural developments at $169.3. The stock is trading at $169.3, up 1.9% on the day. Price action has carved out a classic Diamond. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $172.43, targeting $198.74 with support near $159.27 (R:R 2.0).
What is your outlook on RJF?