Use advanced tools to confirm the Ascending Triangle on PNW before you trade.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Market participants tracking Pinnacle West Capital should note the latest formation. With a last close of $106.06, volatility remains active (0.6%). The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 5.4/100, suggesting moderate momentum. A potential breakout level is identified at $111.16, targeting $120.43 with support near $104.71 (R:R 1.44).
What is your outlook on PNW?