Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Technical analysis of Republic Services (RSG) reveals a significant setup. With a last close of $211.73, volatility remains active (-0.82%). Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $208.79, targeting $184.82 with support near $224.99 (R:R 1.48).
What is your outlook on RSG?