Carrier Global 
CARR has closed above a key resistance zone near $76.50โ$77.00, indicating a possible breakout setup in progress. This move comes after a Golden Cross, where the 50 SMA crossed above the 200 SMA โ a long-term bullish signal.
๐ Technical Highlights:
โ Golden Cross: Bullish momentum building.
โ Breakout level: Price broke above horizontal resistance zone.
๐ Next step: Wait for a potential retest of the breakout zone.
๐ High volume on the breakout and retest would increase the strength and reliability of the setup.
๐ฏ Target Levels:
First Target (TP1): ~$80.00 โ near the top of the existing gap.
Second Target (TP2): ~$83.32 โ the current All-Time High (ATH).
๐ก Trade Plan:
Entry idea: After a clean retest of the breakout level with supportive volume.
Stop-loss: Below the retest zone or under 50 SMA (~$72-74 area).
Invalidation: If price falls back below resistance on high volume.
Conclusion:
CARR shows a strong breakout setup after a Golden Cross. A confirmed retest with volume could open the door toward the gap fill and new all-time highs.
DYOR โ This is not financial advice.
CARR has closed above a key resistance zone near $76.50โ$77.00, indicating a possible breakout setup in progress. This move comes after a Golden Cross, where the 50 SMA crossed above the 200 SMA โ a long-term bullish signal.๐ Technical Highlights:
โ Golden Cross: Bullish momentum building.
โ Breakout level: Price broke above horizontal resistance zone.
๐ Next step: Wait for a potential retest of the breakout zone.
๐ High volume on the breakout and retest would increase the strength and reliability of the setup.
๐ฏ Target Levels:
First Target (TP1): ~$80.00 โ near the top of the existing gap.
Second Target (TP2): ~$83.32 โ the current All-Time High (ATH).
๐ก Trade Plan:
Entry idea: After a clean retest of the breakout level with supportive volume.
Stop-loss: Below the retest zone or under 50 SMA (~$72-74 area).
Invalidation: If price falls back below resistance on high volume.
Conclusion:
CARR shows a strong breakout setup after a Golden Cross. A confirmed retest with volume could open the door toward the gap fill and new all-time highs.
DYOR โ This is not financial advice.
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.
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.