FTII Stock Tickeron detected bullish Stock Pattern: Triangle Descending on May 22, 2024

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05/24/24

Triangle Descending

FTII - FutureTech II Acquisition Corp

Emerged: 05/22/24

Breakout: $11.8

Price: $11.09

Target price: $12.5

A.I.dvisor detected a bullish Triangle Descending pattern for FTII stock. This pattern was detected on May 22, 2024 . The odds of reaching the target price are 6. The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-sloping top line (2, 4). Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

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