Chart Patterns & Algorithmic Trader (Aug. 24, '20) (68)
GOOG Cup & Handle Pattern
s
Reviewed in CPAT
Alphabet Inc Cl C Cap Stock (GOOG) is forming a Cup and Handle pattern on its daily
chart and trading near the breakout level of $1532.21. 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 $1272.82, and the handle low
$1453.98. Targets are placed at $1729.17, $1852.6 to $1939.7.
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