Chart Patterns & Algorithmic Trader (Aug. 24, '20) (22)
$COMPX Cup & Handle Pattern
s
Nasdaq Composite Index ($COMPX) has formed a Cup and Handle pattern
on its daily chart and trading above the breakout level of $9838.47. C&H
patterns are valid only when price closes above the breakout level. A stop
is placed below the lowest low of the mid cup $8234.90. Targets are
placed at $11057.01, $11820.3 to $12359.0 and 13045.3.
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