EMLDU Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle on July 24, 2023

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07/25/23

Cup-and-Handle

EMLDU - FTAC Emerald Acquisition Corp

Emerged: 07/24/23

Breakout: $10.89

Price: $10.39

Target price: $11.42

A.I.dvisor detected a bullish Cup-and-Handle pattern for EMLDU stock. This pattern was detected on July 24, 2023 . The odds of reaching the target price are . The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.

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