EMRIX Stock Tickeron detected bullish Mutual Fund Pattern: Pennant on June 14, 2024

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Pennant

EMRIX - VanEck Emerging Markets I

Emerged: 06/14/24

Breakout: $15.5

Price: $15.45

Target price: $15.8

A.I.dvisor detected a bullish Pennant pattern for EMRIX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 7. The Rising Pennant forms when rising prices experience a consolidation period, and the price moves within a narrow range defined by the converging lines through points (2, 4) and (3, 5). Consider buying a security or call option at the breakout. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

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