The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
A clear signal has emerged for Stanley Black & Decker (SWK) on the daily chart. Price has moved to $68.64 (-3.55%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Volume is strong (1.27x avg) with moderate trend strength (7.5). A potential breakout level is identified at $66.54, targeting $41.12 with support near $73.6 (R:R 3.6).
What is your outlook on SWK?