ABWIX Stock Tickeron detected bearish Mutual Fund Pattern: Triple Tops on June 14, 2024

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Triple Tops

ABWIX - AB All Market Total Return I

Emerged: 06/14/24

Breakout: $15.16

Price: $15.42

Target price: $14.94

A.I.dvisor detected a bearish Triple Tops pattern for ABWIX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 6. The Triple Tops pattern appears when there are three distinct minor Highs (1, 3, 5) at about the same price level. The security is testing the upper resistance level (horizontal line formed by (1, 3, 5). Consider selling the security short or buying a put option at a downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

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