IQM Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending IQM on January 27, 2025, netting in a 11.42% gain over 1 month

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+11.42% Gain from a Successful pattern Broadening Wedge Ascending

IQM - Franklin Intelligent Machines ETF

Ticker: IQM

Company: Franklin Intelligent Machines ETF

Gain from shortening: +11.42%

Confirmed: 01/27/25

Succeeded: 02/24/25

Total length: 33 days

On January 22, 2025, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for Franklin Intelligent Machines ETF (IQM, $72.41). 5 days later, on January 27, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 24, 2025, the stock hit the target price of $65.28 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

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