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TradeTrio
Feb 6, 2024 1:31 PM

CTLT | Bullish Breakout !! Long

Catalent, Inc.NYSE

Description

CTLT has formed a distinctive double bottom pattern on the weekly scale subsequent to the emergence of a bullish divergence. Notably, it has recently breached the neckline of this formation and is presently trading above it.

The outlook for CTLT appears promising, with potential for further upside momentum. Longer-term projections suggest the possibility of reaching levels around 80 and 115.
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