Pattern
Accenture (ACN) stock has recently formed a noteworthy technical pattern known as a rising wedge. This pattern is characterized by a series of higher highs and higher lows, with the price action converging toward a single point, forming a wedge-like shape. Typically, a rising wedge is considered a bearish pattern, suggesting that the uptrend may be...
The Boeing Company (BA) stock has recently formed a noteworthy technical pattern that could signal a potential trend reversal. The pattern, known as a double top, occurs when a stock attempts to break through a resistance level, fails, and then tries again unsuccessfully. This often indicates that the stock may be losing upward momentum and could be poised for a...
