A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Traders are watching Public Service Enterprise Group (PEG) as price action tightens. With a last close of $79.81, volatility remains active (0.05%). The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 10.7/100, suggesting moderate momentum. A potential breakout level is identified at $83.7, targeting $90.62 with support near $76.78 (R:R 1.0).
What is your outlook on PEG?