Momentum is building with this Rounding Bottom. See the live chart action.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
Market participants tracking Sysco should note the latest formation. The stock is trading at $76.41, up 1.26% on the day. Algorithmically, a Rounding Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $77.03, targeting $86.38 with support near $72.35 (R:R 2.0).
What is your outlook on SYY?