Live monitoring of the Descending Triangle setup on CARR. See where price is heading.
Bearish continuation pattern.
CARR is showing interesting structural developments at $55.71. The stock is trading at $55.71, down 2.09% on the day. The primary technical feature is a Descending Triangle formation. This setup is supported by average volume turnover. A potential breakout level is identified at $53.77, targeting $42.29 with support near $60.2 (R:R 1.78).
What is your outlook on CARR?