ALSAU Stock Tickeron detected bullish Stock Pattern: Triangle Descending on September 13, 2024

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09/14/24

Triangle Descending

ALSAU - Alpha Star Acquisition Corp

Emerged: 09/13/24

Breakout: $12.68

Price: $12

Target price: $13.88

A.I.dvisor detected a bullish Triangle Descending pattern for ALSAU stock. This pattern was detected on September 13, 2024 . The odds of reaching the target price are 6. The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-sloping top line (2, 4). Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

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