Chart Patterns & Algorithmic Trader (Aug. 24, '20) (51)
SNY Cup & Handle Pattern
s
Sanofi Aventis (SNY) is forming a Cup and Handle pattern on its daily chart
and trading near the breakout level of $51.94. C&H patterns are valid only
when price closes above the breakout level. A long trade is entered above
the breakout level with a stop placed below the lowest low of the mid cup
$44.73. Targets are placed at $57.24, $60.6 to $63.0.
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