CAH

Cardinal HealthHealthcare

$214.95+0.36%

Descending Triangle Symmetrical Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$214.95

FEBMARAPR

Profit from Descending Triangle?

A key Descending Triangle has formed on CAH. Analyze the breakout level now.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1.74

Entry

$203.37

Stop

$217.77

Target

$178.31

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Symmetrical Triangle

Consolidation. Can break either way.

Market Analysis

CAH is showing interesting structural developments at $214.95. With a last close of $214.95, volatility remains active (0.36%). Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $203.37, targeting $178.31 with support near $217.77 (R:R 1.74).

Community Sentiment

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