BEDU Stock Tickeron detected bearish Stock Pattern: Triangle Descending on July 19, 2024

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07/25/24

Triangle Descending

BEDU - Bright Scholar Education Holdings Limited

Emerged: 07/19/24

Breakout: $2

Price: $1.98

Target price: $1.79

A.I.dvisor detected a bearish Triangle Descending pattern for BEDU stock. This pattern was detected on July 19, 2024 . The odds of reaching the target price are 6. The Descending Triangle pattern has a horizontal bottom (1, 3, 5) which represents the support level, and a down-sloping top line (2, 4). 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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published General Information

General Information

an operator of bilingual schools

Industry MiscellaneousCommercialServices

Profile

Fundamentals

Details

Industry

Miscellaneous Commercial Services

Address

No. 1, Country Garden Road

Phone

+86 75729916814

Employees

3946

Web

https://www.brightscholar.com