Traders are watching this Ascending Triangle on PPL. Inspect the chart now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Gradual reversal from bearish to bullish.
PPL is showing interesting structural developments at $36.22. Currently at $36.22, the asset is showing downward momentum (-0.06%). The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $37.36, targeting $40.5 with support near $35.79 (R:R 2.0).
What is your outlook on PPL?