Live monitoring of the Ascending Triangle setup on ED. See where price is heading.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
A clear signal has emerged for Consolidated Edison (ED) on the daily chart. Price has moved to $115.43 (1.33%) amidst recent volatility. Our AI has detected a valid Bullish Flag pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $116.23, targeting $134.99 with support near $109.33 (R:R 2.72).
What is your outlook on ED?