EXC is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Exelon (EXC) reveals a significant setup. Currently at $45.81, the asset is showing upward momentum (0.55%). Price action has carved out a classic Rounding Bottom. This setup is supported by strong volume turnover. A potential breakout level is identified at $47.01, targeting $51.15 with support near $44.94 (R:R 2.0).
What is your outlook on EXC?