QUASX Stock Tickeron detected bearish Mutual Fund Pattern: Triangle Descending on June 03, 2024

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QUASX - AB Small Cap Growth A

Emerged: 06/03/24

Breakout: $56.66

Price: $56.79

Target price: $54.74

A.I.dvisor detected a bearish Triangle Descending pattern for QUASX stock. This pattern was detected on June 03, 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.