Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on October 24, 2023

A.I.dvisor
at Tickeron.com
10/25/23
Loading...
Cup-and-Handle Inverse
FCAL - First Trust California Muni Hi Inc ETF
Emerged: 10/24/23
Breakout: $46.68
Price: $46.65
Target price: $45.91
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for FCAL stock. This pattern was detected on October 24, 2023 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
View a ticker or compare two or three
FCALDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category MuniCaliforniaLong

Profile
Fundamentals
Details
Category
Muni California Long
Address
120 East Liberty DriveWheaton, Illinois 60187Wheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com