OMFL Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top OMFL on June 27, 2024, netting in a 6.48% gain over 1 month

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07/26/24

+6.48% Gain from a Successful pattern Head-and-Shoulders Top

OMFL - Invesco Russell 1000® Dynamic Mltfct ETF

Ticker: OMFL

Company: Invesco Russell 1000® Dynamic Mltfct ETF

Gain from shortening: +6.48%

Confirmed: 06/27/24

Succeeded: 07/25/24

Total length: 35 days

On June 20, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Invesco Russell 1000® Dynamic Mltfct ETF (OMFL, $52.63). 7 days later, on June 27, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On July 25, 2024, the stock hit the target price of $49.37 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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