Broadening Wedge pattern has been forming since early September. The stock is coming out of an oversold condition while bouncing off the support trendline.
I am looking for the broadening wedge pattern to continue with a price target of $160. I will be looking for how the price reacts when RSI gets around 50 to see if it will continue rising or if it may hit resistance somewhere.
I am looking for the broadening wedge pattern to continue with a price target of $160. I will be looking for how the price reacts when RSI gets around 50 to see if it will continue rising or if it may hit resistance somewhere.