The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
A clear signal has emerged for Packaging Corporation of America (PKG) on the daily chart. Currently at $229.02, the asset is showing downward momentum (-0.1%). Algorithmically, a Ascending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $235.4, targeting $269.19 with support near $212.77 (R:R 1.49).
What is your outlook on PKG?