A clean Ascending Triangle often precedes a big move. Validate your entry.
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 NiSource should note the latest formation. Price has moved to $47.49 (1.26%) amidst recent volatility. The primary technical feature is a Bullish Flag formation. The trend indicator is reading 1.8/100, suggesting moderate momentum. A potential breakout level is identified at $47.96, targeting $54.89 with support near $45.14 (R:R 2.46).
What is your outlook on NI?