FGGBX Stock Tickeron detected bearish Mutual Fund Pattern: Cup-and-Handle Inverse on July 29, 2024

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Cup-and-Handle Inverse

FGGBX - Templeton Global Balanced R6

Emerged: 07/29/24

Breakout: $2.47

Price: $2.55

Target price: $2.41

A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for FGGBX stock. This pattern was detected on July 29, 2024 . 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.

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These past five trading days, the mutual fund lost 0.00%.

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