ALCEX Stock Tickeron detected bearish Mutual Fund Pattern: Triangle Symmetrical Bottom on June 14, 2024

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Triangle Symmetrical Bottom

ALCEX - Avantis U.S. Large Cap Value G

Emerged: 06/14/24

Breakout: $13.24

Price: $13.4

Target price: $12.98

A.I.dvisor detected a bearish Triangle Symmetrical Bottom pattern for ALCEX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 6. The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. Points (1, 5) form the triangle patterns. Consider selling the security short or buying a put option at the 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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