Tickeron detected bullish ETF Pattern: Head-and-Shoulders Bottom on April 30, 2024

A.I.dvisor
at Tickeron.com
05/01/24
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Head-and-Shoulders Bottom
EMDV - ProShares MSCI Emerg Mkts Div Growers
Emerged: 04/30/24
Breakout: $44.12
Price: $44.21
Target price: $45.62
A.I.dvisor detected a bullish Head-and-Shoulders Bottom pattern for EMDV stock. This pattern was detected on April 30, 2024 . The odds of reaching the target price are 6. 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).
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EMDVDaily Signal changed days agoGain/Loss if shorted
 
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Category DiversifiedEmergingMkts

Profile
Fundamentals
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Category
Diversified Emerging Mkts
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com