Technical indicators signal a Rounding Bottom forming. Verify the setup on the chart.
Gradual reversal from bearish to bullish.
Technical analysis of Cencora (COR) reveals a significant setup. Currently at $281.67, the asset is showing upward momentum (0.07%). The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 18.7/100, suggesting moderate momentum. A potential breakout level is identified at $309.66, targeting $375.06 with support near $276.96 (R:R 2.0).
What is your outlook on COR?