Will the Double Bottom hold or fail? Plot your targets on the chart.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Traders are watching Copart (CPRT) as price action tightens. Price has moved to $37.6 (2.41%) amidst recent volatility. Price action has carved out a classic **Double Bottom**. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at **$41.79**, targeting **$47.06** with support near **$39.16** (R:R 2.0).
What is your outlook on CPRT?