Stock of the Day: CBOE Global Markets

In today’s stock of the day, let’s take a closer look at CBOE Global Markets, which continues to trade in a very healthy and well-structured uptrend. The chart shows a clear rhythm of directional bullish waves followed by orderly corrective phases, a classic sign of strong demand and disciplined price action rather than speculative spikes.

What is particularly interesting here is how consistently CBOE respects technical formations. On the left side of the chart, we can see a triangle pattern, followed by another triangle in the middle, and most recently a wedge on the right. In all three cases, the structure is almost identical: the black line acted as resistance, while the green line supported the price from below. In the first two patterns, the breakout to the upside resulted in a strong continuation of the trend, confirming that buyers were firmly in control.

In the most recent case, the wedge has already been broken to the upside and an upswing is underway. Given how closely this price action mirrors previous bullish phases, history suggests that the current move may still have room to run. As long as the price remains supported above the green trend line and does not fall back into the pattern, sentiment on CBOE remains clearly positive and the stock appears to be in the middle of another bullish wave.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-cboe-global-markets-1