MFLX Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending on February 05, 2025

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Broadening Wedge Ascending

MFLX - First Trust Flexible Muncpl Hgh Inc ETF

Emerged: 02/05/25

Breakout: $16.97

Price: $17.24

Target price: $16.9

A.I.dvisor detected a bearish Broadening Wedge Ascending pattern for MFLX stock. This pattern was detected on February 05, 2025 . The odds of reaching the target price are 6. The Broadening Wedge Ascending pattern forms when a security price progressively makes higher highs (1, 3, 5) and higher lows (2, 4), following two widening trend lines. Consider selling the security short or buying a put option at the downward breakout price level, which is the last low that touches the bottom line (4).

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