Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Traders are watching Copart (CPRT) as price action tightens. With a last close of $27.94, volatility remains active (2.72%). Price action has carved out a classic Falling Wedge. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $28.76, targeting $31.44 with support near $26.81 (R:R 1.37).
What is your outlook on CPRT?