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XTWY Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on September 03, 2024

A.I.dvisor
at Tickeron.com
09/04/24
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Cup-and-Handle Inverse
XTWY - BondBloxx Bloomberg TwentyYrTrgDuUSTrETF
Emerged: 09/03/24
Breakout: $43.29
Price: $43.97
Target price: $42.22
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for XTWY stock. This pattern was detected on September 03, 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.

XTWY's RSI Indicator leaves overbought zone

The 10-day RSI Indicator for XTWY moved out of overbought territory on September 17, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 7 instances where the indicator moved out of the overbought zone. In of the 7 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

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