Technical indicators signal a Ascending Triangle forming. Verify the setup on the chart.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Gradual reversal from bearish to bullish.
Market participants tracking Fortive should note the latest formation. Price has moved to $62.31 (2.79%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. Volume is average (0.83x avg) with moderate trend strength (11.1). A potential breakout level is identified at $64.33, targeting $71.35 with support near $60.83 (R:R 2.0).
What is your outlook on FTV?