Chart Patterns & Algorithmic Trader ( Apr . 26 , ' 21 ) ( 24 )
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COMPX V-Bottom Pattern s
Nasdaq Composite Index ($ COMPX ) has formed a V-Bottom pattern on its daily chart and trading above the breakout level of $ 9838.47 . V-Bottom patterns are traded when price closes above the breakout level . A stop is placed below the mid level of the V-Bottom pattern at $ 8234.90 or the recent pivot low . Targets are placed at $ 11820.3 to $ 12359.0 and $ 13911.2 to $ 15033.6 .
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