EXC is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Technical analysis of Exelon (EXC) reveals a significant setup. Price has moved to $45.19 (0.71%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 17.4/100, suggesting moderate momentum. A potential breakout level is identified at $43.27, targeting $37.22 with support near $45.24 (R:R 3.08).
What is your outlook on EXC?