HSPGX Stock Tickeron detected bearish Mutual Fund Pattern: Rectangle Bottom on June 14, 2024

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HSPGX - Emerald Growth A

Emerged: 06/14/24

Breakout: $23.93

Price: $24.2

Target price: $23.33

A.I.dvisor detected a bearish Rectangle Bottom pattern for HSPGX stock. This pattern was detected on June 14, 2024 . The odds of reaching the target price are 6.

The Rectangle Bottom pattern forms when the price of a security is stuck in a range-bound motion, bouncing between support and resistance levels. Two horizontal lines (1, 3, 5) and (2, 4) form the pattern.

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.