RGC Stock Tickeron detected bullish Stock Pattern: Cup-and-Handle on May 24, 2024

A.I.dvisor
at Tickeron.com
05/29/24
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Cup-and-Handle
RGC - Regencell Bioscience Holdings Limited
Emerged: 05/24/24
Breakout: $5.74
Price: $5.01
Target price: $6.45
A.I.dvisor detected a bullish Cup-and-Handle pattern for RGC stock. This pattern was detected on May 24, 2024 . The odds of reaching the target price are 8. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Movies Or Entertainment
Address
29 Leighton Road
Phone
+852 21550823
Employees
12
Web
https://www.regencellbioscience.com