DNLRX Stock Tickeron detected bearish Mutual Fund Pattern: Three Falling Peaks on June 20, 2024

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07/03/24

Three Falling Peaks

DNLRX - BNY Mellon Active MidCap I

Emerged: 06/20/24

Breakout: $58.3

Price: $58.22

Target price: $57.22

A.I.dvisor detected a bearish Three Falling Peaks pattern for DNLRX stock. This pattern was detected on June 20, 2024 . The odds of reaching the target price are 6. The Three Falling Peaks pattern forms when three minor Highs (1, 3, 5) arrange along a downward-sloping trend line. 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 moves below the breakout level.

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