Watch the Rectangle on TROW closely. Trade with professional charting tools.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Traders are watching T. Rowe Price (TROW) as price action tightens. The stock is trading at $101.36, down 0.47% on the day. Algorithmically, a Bullish Flag structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $106.93, targeting $128.64 with support near $100.5 (R:R 3.38).
What is your outlook on TROW?