A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Technical analysis of Public Service Enterprise Group (PEG) reveals a significant setup. Currently at $81.82, the asset is showing upward momentum (0.73%). Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $79.12, targeting $71.31 with support near $83.03 (R:R 2.0).
What is your outlook on PEG?