BYNO Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending on August 27, 2024

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08/30/24

Broadening Wedge Descending

BYNO - byNordic Acquisition Corp

Emerged: 08/27/24

Confirmed: 08/28/24

Breakout: $11.37

Price: $11.38

Target price: $11.02

A.I.dvisor detected a bearish Broadening Wedge Descending pattern for BYNO stock. This pattern was detected on August 27, 2024 and confirmed on August 28, 2024 . The odds of reaching the target price are 6. The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time. Consider selling the security short or buying a put option at the downward breakout price level, which is the last low touching the bottom line.

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