A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Market participants tracking MetLife should note the latest formation. Currently at $85.58, the asset is showing downward momentum (-0.31%). The primary technical feature is a Bullish Flag formation. The trend indicator is reading 19.2/100, suggesting moderate momentum. A potential breakout level is identified at $89.62, targeting $112.42 with support near $85.38 (R:R 5.38).
What is your outlook on MET?