GNMA Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle on February 05, 2024

A.I.dvisor
at Tickeron.com
02/07/24
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Cup-and-Handle
GNMA - iShares GNMA Bond ETF
Emerged: 02/05/24
Breakout: $44.07
Price: $43.27
Target price: $44.91
A.I.dvisor detected a bullish Cup-and-Handle pattern for GNMA stock. This pattern was detected on February 05, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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General Information

Category IntermediateGovernment

Profile
Fundamentals
Details
Category
Intermediate Government
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com