Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Traders are watching Leidos (LDOS) as price action tightens. The stock is trading at $122.16, up 0.07% on the day. Price action has carved out a classic Descending Triangle. The trend indicator is reading 21.6/100, suggesting moderate momentum. A potential breakout level is identified at $121.2, targeting $88.5 with support near $131.14 (R:R 3.29).
What is your outlook on LDOS?