Chart Patterns & Algorithmic Trader (Aug. 24, '20) (56)
CLDR Cup & Handle Pattern
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Reviewed in CPAT 7/6/20
Cloudera Inc (CLDR) is forming a Cup and Handle pattern on its daily chart and trading
near the breakout level of $12.32. 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 $8.49, and the handle low $10.92. Targets are
placed at $15.05, $16.8 to $18.1.
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