The Bullish Flag is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Reversal pattern. Price likely to break downwards.
Technical analysis of Seagate Technology (STX) reveals a significant setup. The stock is trading at $429.36, up 1.47% on the day. The primary technical feature is a Diamond formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $438.96, targeting $536.52 with support near $390.18 (R:R 2.0).
What is your outlook on STX?