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.
Consolidation. Can break either way.
Traders are watching Republic Services (RSG) as price action tightens. The stock is trading at $204.94, down 1.2% on the day. Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $197.62, targeting $169.04 with support near $214.04 (R:R 1.74).
What is your outlook on RSG?