The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Technical analysis of Ventas (VTR) reveals a significant setup. The stock is trading at $87.64, down 1.08% on the day. Algorithmically, a Bullish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $91.06, targeting $102.75 with support near $87.09 (R:R 2.94).
What is your outlook on VTR?