Traders are watching this Falling Wedge on TDG. Inspect the chart now.
Reversal pattern. Price likely to break upwards.
Technical analysis of TransDigm Group (TDG) reveals a significant setup. The stock is trading at $1167.0, down 0.53% on the day. The primary technical feature is a Falling Wedge formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $1211.74, targeting $1350.03 with support near $1123.61 (R:R 1.57).
What is your outlook on TDG?