Chart Patterns & Algorithmic Trader (Aug. 24, '20) (69)
CRM Cup & Handle Pattern
s
Reviewed in CPAT
salesforce.com Inc (CRM) is forming a Cup and Handle pattern on its daily chart and
trading near the breakout level of $195.82. 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 $155.51, and the handle low $181.88.
Targets are placed at $226.28, $245.4 to $258.9.
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