A key Bullish Flag has formed on LYV. Analyze the breakout level now.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching Live Nation Entertainment (LYV) as price action tightens. Currently at $171.24, the asset is showing downward momentum (-0.16%). Price action has carved out a classic Bullish Flag. Volume is strong (1.42x avg) with moderate trend strength (8.3). A potential breakout level is identified at $176.0, targeting $208.0 with support near $161.45 (R:R 2.2).
What is your outlook on LYV?