Traders are watching this Double Bottom on TDG. Inspect the chart now.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for TransDigm Group (TDG) on the daily chart. Price has moved to $1236.71 (1.88%) amidst recent volatility. Price action has carved out a classic Double Bottom. Volume is average (0.6x avg) with moderate trend strength (47.9). A potential breakout level is identified at $1361.77, targeting $1531.46 with support near $1276.92 (R:R 2.0).
What is your outlook on TDG?