Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Market participants tracking Copart should note the latest formation. Price has moved to $32.94 (-0.29%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $32.29, targeting $30.06 with support near $34.12 (R:R 1.22).
What is your outlook on CPRT?