The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Traders are watching Packaging Corporation of America (PKG) as price action tightens. The stock is trading at $254.39, up 8.76% on the day. Algorithmically, a Rounding Bottom structure has completed. Volume is strong (1.82x avg) with moderate trend strength (30.2). A potential breakout level is identified at $254.44, targeting $307.28 with support near $228.02 (R:R 2.0).
What is your outlook on PKG?