Traders are watching this Double Bottom on PPL. Inspect the chart now.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Technical analysis of PPL Corporation (PPL) reveals a significant setup. With a last close of $35.71, volatility remains active (0.76%). Price action has carved out a classic Double Bottom. The trend indicator is reading 38.7/100, suggesting moderate momentum. A potential breakout level is identified at $40.11, targeting $45.48 with support near $37.43 (R:R 2.0).
What is your outlook on PPL?