Tickeron detected bullish ETF Pattern: Cup-and-Handle on January 17, 2024

A.I.dvisor
at Tickeron.com
01/20/24
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Cup-and-Handle
IBHI - iShares iBonds 2029 Term HY & Inc ETF
Emerged: 01/17/24
Breakout: $23.29
Price: $23.1
Target price: $23.72
A.I.dvisor detected a bullish Cup-and-Handle pattern for IBHI stock. This pattern was detected on January 17, 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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IBHIDaily Signal changed days agoGain/Loss if shorted
 
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Category HighYieldBond

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High Yield Bond
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iShares Trust400 Howard StreetSan Francisco
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www.ishares.com