CFR 80% potential trade

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CFR 80% potential tradeCullen/Frost Bankers, Inc.BATS:CFRCharterra245CFR – Multi-Year Symmetrical Triangle Setting Up CFR has been coiling inside a large symmetrical triangle for ~3.5 years now. Price is compressing well, and volatility continues to contract. Key is a clean move above 147.64. That’s the breakout trigger. My base case: we likely get a bit more chop and compression in the 135–147 range before any decisive move. If/when we get a clean break above 147.64, the measured move targets come into play (marked in blue): First target: conservative projection Second target: full extension based on triangle height A potentially great swing trade imo.