GATEU Stock Tickeron detected bearish Stock Pattern: Triangle Symmetrical Bottom on June 07, 2024

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06/08/24

Triangle Symmetrical Bottom

GATEU - Marblegate Acquisition Corp

Emerged: 06/07/24

Breakout: $10.17

Price: $10.36

Target price: $9.53

A.I.dvisor detected a bearish Triangle Symmetrical Bottom pattern for GATEU stock. This pattern was detected on June 07, 2024 . The odds of reaching the target price are 6. The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. Points (1, 5) form the triangle patterns. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price falls below the breakout level.

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