Tickeron detected bullish ETF Pattern: Wedge Rising on July 13, 2023

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07/15/23

Wedge Rising

PSMD - Pacer Swan SOS Moderate (January) ETF

Emerged: 07/13/23

Breakout: $24.6

Price: $24.61

Target price: $25.06

A.I.dvisor detected a bullish Wedge Rising pattern for PSMD stock. This pattern was detected on July 13, 2023 . The odds of reaching the target price are 6. The Rising Wedge pattern forms when prices seem to be spiraling upward, and two upward sloping trend lines are created with the price hitting higher highs (1, 3, 5) and higher lows (2,4). Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

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