Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 22, 2024

A.I.dvisor
at Tickeron.com
01/25/24
Loading...
Cup-and-Handle Inverse
IGIB - iShares 5-10 Year invmt Grd Corp Bd ETF
Emerged: 01/22/24
Confirmed: 01/24/24
Breakout: $51.34
Price: $51.4
Target price: $50.73
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for IGIB stock. This pattern was detected on January 22, 2024 and confirmed on January 24, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
View a ticker or compare two or three
IGIBDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category IntermediateTermBond

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