The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Sideways movement between parallel supports.
Traders are watching Simon Property Group (SPG) as price action tightens. The stock is trading at $229.78, up 2.03% on the day. The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 16.0/100, suggesting moderate momentum. A potential breakout level is identified at $231.53, targeting $254.35 with support near $218.05 (R:R 1.69).
What is your outlook on SPG?