Current Price: 22.24
Chart Setup: Bullish Pennant and Breakout Pattern
BNL (Bunny's Ltd.) is currently showing a bullish pennant pattern, which is a continuation chart pattern that suggests a potential breakout to the upside. The price has been consolidating after a strong rally, forming a symmetrical triangle or pennant shape, with the upper boundary acting as resistance and the lower boundary as support. The breakout from this pattern is typically a sign of further upward momentum.
First Target (50% Extension): Once the breakout happens, the first target range for BNL could be around 25.48, followed by a potential move toward 28.50 in the medium term.
Extended Target: If the breakout holds and the bullish momentum continues, BNL could test higher resistance zones around 30.00–32.00 in the long term.
BNL OUR FIRST CALL INITIATED @ 14 LEVELS IN MARCH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.