Tickeron detected bearish ETF Pattern: Pennant GBF on September 15, 2023, netting in a 1.36% gain over 1 week

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09/27/23

+1.36% Gain from a Successful pattern Pennant

GBF - iShares Government/Credit Bond ETF

Ticker: GBF

Company: iShares Government/Credit Bond ETF

Gain from shortening: +1.36%

Confirmed: 09/15/23

Succeeded: 09/25/23

Total length: 12 days

On September 13, 2023, A.I.dvisor detected a Pennant Pattern (Bearish) for iShares Government/Credit Bond ETF (GBF, $101.74). 2 days later, on September 15, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 25, 2023, the stock hit the target price of $100.43 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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