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ANGH Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom on May 29, 2024

A.I.dvisor
at Tickeron.com
05/30/24
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Head-and-Shoulders Bottom
ANGH - Anghami
Emerged: 05/29/24
Breakout: $1.12
Price: $1.09
Target price: $1.2
A.I.dvisor detected a bullish Head-and-Shoulders Bottom pattern for ANGH stock. This pattern was detected on May 29, 2024 . The odds of reaching the target price are 8. The Head-and-Shoulders Bottom pattern is formed when the price of a security creates a center trough (the inverted head, labeled 3) and the left and right inverted shoulders (1, 5). After reaching the lowest low (the Head, 3) the next low is shallower and the trend reverses course to the upside. Consider buying a security or a call option at the low once the pattern is confirmed, which is known as the breakout point. The pattern is confirmed when the price breaks above the Neckline (2,4).

ANGH sees its Stochastic Oscillator ascending out of oversold territory

On September 09, 2024, the Stochastic Oscillator for ANGH moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 57 instances where the indicator left the oversold zone. In of the 57 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

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Address
Abu Dhabi Global Market Square, Al Maryah Island
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+971 24434317
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145
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https://www.anghami.com