vf_investment

Carlyle Group Neutral Pattern

BATS:CG   The Carlyle Group Inc.
Carlyle Group stock was named to join the S&P MidCap 400, effective prior to the start of trading November 30. Therefore I expect breaking of this symmetrical triangle pattern soon. In case there is a bullish break out from here, price target is 53% rise in price. On the other side there is still big resistance in this area where we could see a rejection and possibly break to the downside. If this scenario happens, price target is 19.36$ which represents a 32% drop in price.

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