Tickeron detected bearish Stock Pattern: Triangle Symmetrical Bottom FORTY on October 09, 2023, netting in a 20.89% gain over 1 month

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+20.89% Gain from a Successful pattern Triangle Symmetrical Bottom
FORTY - Formula Systems (1985) Ltd
Ticker: FORTY
Company: Formula Systems (1985)
Gain from shortening: +20.89%
Confirmed: 10/09/23
Succeeded: 10/19/23
Total length: 56 days

On August 24, 2023, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for Formula Systems (1985) Ltd (FORTY, $74.90). 46 days later, on October 09, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 19, 2023, the stock hit the target price of $60.02 – resulting in a +20.89% gain for traders who shorted the stock on the pattern detection date.