Traders are watching this Descending Triangle on TEL. Inspect the chart now.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Technical analysis of TE Connectivity (TEL) reveals a significant setup. With a last close of $202.94, volatility remains active (2.09%). Our AI has detected a valid Bearish Flag pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $190.27, targeting $156.78 with support near $211.99 (R:R 1.54).
What is your outlook on TEL?