A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Traders are watching Colgate-Palmolive (CL) as price action tightens. The stock is trading at $90.75, up 0.74% on the day. The primary technical feature is a Ascending Triangle formation. Volume is average (0.57x avg) with moderate trend strength (10.9). A potential breakout level is identified at $95.46, targeting $102.85 with support near $89.08 (R:R 1.16).
What is your outlook on CL?