Traders are watching this Descending Triangle on TEL. Inspect the chart now.
Bearish continuation pattern.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
A clear signal has emerged for TE Connectivity (TEL) on the daily chart. Price has moved to $200.73 (-0.33%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $193.75, targeting $132.31 with support near $217.49 (R:R 2.59).
What is your outlook on TEL?