See how the Descending Triangle is playing out for GIS. View live chart.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
GIS is showing interesting structural developments at $33.33. The stock is trading at $33.33, down 0.85% on the day. Price action has carved out a classic Descending Triangle. The trend indicator is reading 22.5/100, suggesting moderate momentum. A potential breakout level is identified at $32.65, targeting $28.87 with support near $35.64 (R:R 1.26).
What is your outlook on GIS?