Momentum is building with this Bullish Flag. See the live chart action.
Bullish continuation if preceding move was up.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation pattern.
Traders are watching Invesco (IVZ) as price action tightens. Price has moved to $28.14 (-2.26%) amidst recent volatility. The primary technical feature is a Bullish Flag formation. Volume is strong (1.22x avg) with moderate trend strength (4.3). A potential breakout level is identified at $29.82, targeting $37.99 with support near $27.31 (R:R 3.25).
What is your outlook on IVZ?