Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Traders are watching Copart (CPRT) as price action tightens. Currently at $30.23, the asset is showing upward momentum (2.41%). Price action has carved out a classic Double Bottom. Volume is strong (1.95x avg) with moderate trend strength (36.0). A potential breakout level is identified at $35.66, targeting $41.86 with support near $32.56 (R:R 2.0).
What is your outlook on CPRT?