PSCU Stock Tickeron detected bearish ETF Pattern: Triangle Descending on June 13, 2024

A.I.dvisor
at Tickeron.com
06/14/24
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Triangle Descending
PSCU - Invesco S&P SmallCap Ult & Comnc Svc ETF
Emerged: 06/13/24
Breakout: $49.96
Price: $50.48
Target price: $48.22
A.I.dvisor detected a bearish Triangle Descending pattern for PSCU stock. This pattern was detected on June 13, 2024 . The odds of reaching the target price are 6. The Descending Triangle pattern has a horizontal bottom (1, 3, 5) which represents the support level, and a down-sloping top line (2, 4). 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 falls below the breakout level.
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General Information

Category Utilities

Profile
Fundamentals
Details
Category
Utilities
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com