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RWOD
AS OF
May 17 closing price
Price
$6.11
Change
-$0.30 (-4.68%)
Capitalization
111.34M
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RWOD Stock Tickeron detected bearish Stock Pattern: Triangle Symmetrical Bottom on May 09, 2024

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A.I.dvisor
at Tickeron.com
05/12/24
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Triangle Symmetrical Bottom
RWOD - Redwoods Acquisition Corp
Emerged: 05/09/24
Confirmed: 05/10/24
Breakout: $5.85
Price: $6.5
Target price: $4.27
A.I.dvisor detected a bearish Triangle Symmetrical Bottom pattern for RWOD stock. This pattern was detected on May 09, 2024 and confirmed on May 10, 2024 . The odds of reaching the target price are 6. The Symmetrical Triangle Bottom pattern forms when the price of a security fails to retest a high or a low and ultimately forms two narrowing trend lines. Points (1, 5) form the triangle patterns. 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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published General Information

General Information

Industry FinancialConglomerates

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Industry
N/A
Address
1115 Broadway
Phone
+1 646 916-5315
Employees
2
Web
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