RIOIX Stock Tickeron detected bearish Mutual Fund Pattern: Triangle Descending on June 14, 2024

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Triangle Descending

RIOIX - RBC International Opportunities I

Emerged: 06/14/24

Breakout: $10.28

Price: $10.24

Target price: $9.96

A.I.dvisor detected a bearish Triangle Descending pattern for RIOIX stock. This pattern was detected on June 14, 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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