The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Traders are watching Healthpeak Properties (DOC) as price action tightens. The stock is trading at $16.87, up 2.24% on the day. Price action has carved out a classic Bearish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $15.99, targeting $14.01 with support near $17.07 (R:R 1.83).
What is your outlook on DOC?