A clean Falling Wedge often precedes a big move. Validate your entry.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
A clear signal has emerged for McKesson Corporation (MCK) on the daily chart. The stock is trading at $884.28, up 1.37% on the day. The primary technical feature is a Double Bottom formation. The trend indicator is reading 47.4/100, suggesting moderate momentum. A potential breakout level is identified at $999.0, targeting $1151.27 with support near $922.86 (R:R 2.0).
What is your outlook on MCK?