The Falling Wedge is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Traders are watching CoStar Group (CSGP) as price action tightens. With a last close of $39.95, volatility remains active (0.81%). Algorithmically, a Double Bottom structure has completed. The trend indicator is reading 46.1/100, suggesting moderate momentum. A potential breakout level is identified at $52.08, targeting $65.47 with support near $45.39 (R:R 2.0).
What is your outlook on CSGP?