Tickeron detected bearish ETF Pattern: Rectangle Bottom EWJ on April 16, 2024, netting in a 3.21% gain over 1 week

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04/26/24

+3.21% Gain from a Successful pattern Rectangle Bottom

EWJ - iShares MSCI Japan ETF

Ticker: EWJ

Company: iShares MSCI Japan ETF

Gain from shortening: +3.21%

Confirmed: 04/16/24

Succeeded: 04/25/24

Total length: 10 days

On April 15, 2024, A.I.dvisor detected a Rectangle Bottom Pattern (Bearish) for iShares MSCI Japan ETF (EWJ, $68.77). 1 day later, on April 16, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 25, 2024, the stock hit the target price of $66.07 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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