See how the Ascending Triangle is playing out for LNT. View live chart.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Market participants tracking Alliant Energy should note the latest formation. Currently at $72.85, the asset is showing upward momentum (1.26%). The primary technical feature is a Bullish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $73.41, targeting $83.0 with support near $69.49 (R:R 2.45).
What is your outlook on LNT?