See how the Rectangle is playing out for REG. View live chart.
Sideways movement between parallel supports.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
REG is showing interesting structural developments at $78.37. The stock is trading at $78.37, up 0.81% on the day. Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $79.52, targeting $87.27 with support near $75.87 (R:R 2.12).
What is your outlook on REG?