JABLX Stock Tickeron detected bearish Mutual Fund Pattern: Broadening Wedge Descending on August 05, 2024

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JABLX - Janus Henderson VIT Balanced Instl

Emerged: 08/05/24

Breakout: $48.04

Price: $48.31

Target price: $46.16

A.I.dvisor detected a bearish Broadening Wedge Descending pattern for JABLX stock. This pattern was detected on August 05, 2024 . The odds of reaching the target price are 6.

The Broadening Wedge Descending pattern forms when a security price makes lower lows (1, 3, 5) and lower highs (2, 4), forming two downward sloping lines that expand over time.

Consider selling the security short or buying a put option at the downward breakout price level, which is the last low touching the bottom line.