The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Technical analysis of Parker Hannifin (PH) reveals a significant setup. Price has moved to $953.27 (0.77%) amidst recent volatility. The primary technical feature is a Rounding Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $964.98, targeting $1114.95 with support near $889.99 (R:R 2.0).
What is your outlook on PH?