Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Traders are watching Otis Worldwide (OTIS) as price action tightens. The stock is trading at $71.93, up 1.64% on the day. Price action has carved out a classic Ascending Triangle. Volume is average (0.74x avg) with moderate trend strength (11.9). A potential breakout level is identified at $75.91, targeting $82.56 with support near $69.26 (R:R 1.0).
What is your outlook on OTIS?