Tickeron detected bullish ETF Pattern: Cup-and-Handle on July 17, 2023

A.I.dvisor
at Tickeron.com
07/18/23
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Cup-and-Handle
MTGP - WisdomTree Mortgage Plus Bond
Emerged: 07/17/23
Breakout: $43.69
Price: $43.56
Target price: $44.78
A.I.dvisor detected a bullish Cup-and-Handle pattern for MTGP stock. This pattern was detected on July 17, 2023 . 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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MTGPDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Intermediate Core-Plus Bond
Address
WisdomTree Trust380 Madison AveNew York
Phone
866-909-9473
Web
www.wisdomtree.com