Enovis Corporation

CFX - Breakout Within Ascending Channel

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Colfax Corporation has been trading within an ascending channel since early October. It briefly opened below the channel support line on December 3rd but found support along the 50-day EMA line to regain the channel.

An intermediary symmetrical triangle pattern was created from the November 1st top & we have just seen a bullish breakout of this symmetrical pattern. Potential price targets are noted on the chart.

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