PIMCO Enhanced Short Maturity ETF
is forming a perfect ascending channel
since April with 8 reversals in the lower level and 6 on the upper level. It reached the lower level on last Friday and looks like is reverting upside. Stochastic RSI
is also in oversold levels, so we think there is an opportunity to buy the security and hold till it reaches the upper level. If the price breaks the channel down, a stop is recommended.