Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Consolidation. Can break either way.
SNA is showing interesting structural developments at $362.82. The stock is trading at $362.82, down 0.13% on the day. Price action has carved out a classic Descending Triangle. The trend indicator is reading 21.7/100, suggesting moderate momentum. A potential breakout level is identified at $353.11, targeting $308.06 with support near $372.4 (R:R 2.34).
What is your outlook on SNA?