OVM Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks on May 31, 2024

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06/01/24

Three Falling Peaks

OVM - Overlay Shares Municipal Bond ETF

Emerged: 05/31/24

Breakout: $21.76

Price: $21.77

Target price: $21.37

A.I.dvisor detected a bearish Three Falling Peaks pattern for OVM stock. This pattern was detected on May 31, 2024 . The odds of reaching the target price are 6. The Three Falling Peaks pattern forms when three minor Highs (1, 3, 5) arrange along a downward-sloping trend line. Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price moves below the breakout level.

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