The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Consolidation. Can break either way.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Technical analysis of Sempra (SRE) reveals a significant setup. Currently at $96.16, the asset is showing downward momentum (-0.07%). The primary technical feature is a Bullish Flag formation. The trend indicator is reading 10.8/100, suggesting moderate momentum. A potential breakout level is identified at $101.04, targeting $118.75 with support near $95.11 (R:R 2.98).
What is your outlook on SRE?