Tickeron detected bearish ETF Pattern: Wedge Falling MBB on August 22, 2023, netting in a 2.20% gain over 1 month

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10/03/23

+2.20% Gain from a Successful pattern Wedge Falling

MBB - iShares MBS ETF

Ticker: MBB

Company: iShares MBS ETF

Gain from shortening: +2.2%

Confirmed: 08/22/23

Succeeded: 10/02/23

Total length: 42 days

On August 21, 2023, A.I.dvisor detected a Wedge Falling Pattern (Bearish) for iShares MBS ETF (MBB, $89.57). 1 day later, on August 22, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 02, 2023, the stock hit the target price of $87.45 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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