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MGLMX Stock Tickeron detected bullish Mutual Fund Pattern: Cup-and-Handle on August 05, 2024

A.I.dvisor
at Tickeron.com
08/09/24
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Cup-and-Handle
MGLMX - MFS Global Real Estate R4
Emerged: 08/05/24
Breakout: $17.25
Price: $16.9
Target price: $17.85
A.I.dvisor detected a bullish Cup-and-Handle pattern for MGLMX stock. This pattern was detected on August 05, 2024 . The odds of reaching the target price are 6. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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General Information

Category GlobalRealEstate

Profile
Fundamentals
Details
Category
Global Real Estate
Address
Mfs Series Trust Xiii111 Huntington Avenue 24th FloorBoston
Phone
1-800-637-2929
Web
http://www.mfs.com