Six Flags Entertainment Corporation/NEW (FUN) closed at 21.38 (+0.80%). Trend remains constructive above MA50 and MA200. Momentum: -6.06%, with 52W position: 41% of range, while Volatility: ATR14 4.70%. RSI(14) is 58.9, which keeps short-term momentum constructive without being overly stretched. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD remains above its signal line, which keeps the momentum structure biased to the upside. The MACD histogram is positive and expanding, pointing to improving upside momentum.
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Setup:
Pattern
Triangle breakout is active after price reclaimed the trigger zone.
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Holding above 20.47 keeps the breakout structure healthier.
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Risk:
A loss of 18.68 would weaken the setup.
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Projection target sits near 29.16.
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Key levels:
A recent downtrend break is now confirmed, which means the longer-term falling resistance has already been reclaimed and the structure has shifted from compression toward continuation.
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Key levels:
Key levels
The nearest decision zone is framed by support at 20.86 and resistance at 33.25.