Will the Rounding Bottom hold or fail? Plot your targets on the chart.
Gradual reversal from bearish to bullish.
Technical analysis of Vulcan Materials Company (VMC) reveals a significant setup. The stock is trading at $296.86, down 0.1% on the day. Price action has carved out a classic Rounding Bottom. The trend indicator is reading 54.9/100, suggesting moderate momentum. A potential breakout level is identified at $301.83, targeting $351.31 with support near $277.09 (R:R 2.0).
What is your outlook on VMC?