Will the Rounding Bottom hold or fail? Plot your targets on the chart.
Gradual reversal from bearish to bullish.
Expanding volatility. Sign of instability.
A clear signal has emerged for Gen Digital (GEN) on the daily chart. The stock is trading at $24.77, down 0.92% on the day. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $25.06, targeting $32.43 with support near $21.37 (R:R 2.0).
What is your outlook on GEN?