Traders are watching this Ascending Triangle on AOS. Inspect the chart now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Market participants tracking A. O. Smith should note the latest formation. Currently at $60.78, the asset is showing upward momentum (2.17%). Price action has carved out a classic Rounding Bottom. The trend indicator is reading 14.2/100, suggesting moderate momentum. A potential breakout level is identified at $63.05, targeting $71.94 with support near $58.6 (R:R 2.0).
What is your outlook on AOS?