Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Lennox International (LII) on the daily chart. With a last close of $487.93, volatility remains active (-1.09%). The primary technical feature is a Rounding Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $551.5, targeting $670.21 with support near $492.14 (R:R 2.0).
What is your outlook on LII?