Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Market participants tracking GE HealthCare should note the latest formation. The stock is trading at $60.58, down 2.27% on the day. Algorithmically, a Descending Triangle structure has completed. Volume is strong (1.58x avg) with moderate trend strength (28.7). A potential breakout level is identified at $59.97, targeting $53.49 with support near $66.28 (R:R 1.03).
What is your outlook on GEHC?