Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on January 30, 2024

A.I.dvisor
at Tickeron.com
01/31/24
Loading...
Cup-and-Handle Inverse
SPXB - ProShares S&P 500® Bond ETF
Emerged: 01/30/24
Breakout: $75.61
Price: $76.04
Target price: $74.69
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for SPXB stock. This pattern was detected on January 30, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
View a ticker or compare two or three
SPXBDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Corporate Bond
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com