Live monitoring of the Falling Wedge setup on ARE. See where price is heading.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Traders are watching Alexandria Real Estate Equities (ARE) as price action tightens. The stock is trading at $43.23, down 0.14% on the day. Algorithmically, a Double Bottom structure has completed. The trend indicator is reading 31.4/100, suggesting moderate momentum. A potential breakout level is identified at $54.41, targeting $67.38 with support near $47.93 (R:R 2.0).
What is your outlook on ARE?