Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Traders are watching Snap-on (SNA) as price action tightens. The stock is trading at $404.12, up 2.2% on the day. Algorithmically, a Rounding Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $419.68, targeting $486.25 with support near $386.4 (R:R 2.0).
What is your outlook on SNA?