Traders are watching this Bullish Flag on TDY. Inspect the chart now.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Technical analysis of Teledyne Technologies (TDY) reveals a significant setup. Currently at $647.59, the asset is showing downward momentum (-1.28%). Price action has carved out a classic Bullish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $663.95, targeting $793.28 with support near $621.35 (R:R 3.04).
What is your outlook on TDY?