GJP Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top on October 10, 2023

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10/11/23

Head-and-Shoulders Top

GJP - Synthetic Fixed Income Securities on the behalf of STRATS for Dominion Resources Series 2005-6

Emerged: 10/10/23

Breakout: $24.15

Price: $24.25

Target price: $22.9

A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for GJP stock. This pattern was detected on October 10, 2023 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.

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