Technical indicators signal a Rectangle forming. Verify the setup on the chart.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
Traders are watching Fortive (FTV) as price action tightens. With a last close of $59.06, volatility remains active (0.05%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $62.81, targeting $72.13 with support near $58.14 (R:R 2.0).
What is your outlook on FTV?