GFBLX Stock Tickeron detected bullish Mutual Fund Pattern: Wedge Rising on June 18, 2024

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GFBLX - American Funds Global Balanced F3

Emerged: 06/18/24

Breakout: $37.99

Price: $37.55

Target price: $38.62

A.I.dvisor detected a bullish Wedge Rising pattern for GFBLX stock. This pattern was detected on June 18, 2024 . The odds of reaching the target price are 6.

The Rising Wedge pattern forms when prices seem to be spiraling upward, and two upward sloping trend lines are created with the price hitting higher highs (1, 3, 5) and higher lows (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.