Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Traders are watching GE HealthCare (GEHC) as price action tightens. With a last close of $61.59, volatility remains active (0.72%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 5.7/100, suggesting moderate momentum. A potential breakout level is identified at $59.97, targeting $42.77 with support near $66.44 (R:R 2.66).
What is your outlook on GEHC?