Chart Patterns & Algorithmic Trader (Aug. 24, '20) (77)
QRVO Cup & Handle Pattern
s
Reviewed in CPAT 7/13/20
Qorvo Inc (QRVO) has formed a Cup and Handle pattern on its daily chart and trading
above the breakout level of $122.47. 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 $94.96, and the handle low $104.52.
Targets are placed at $143.21, $156.3 to $165.5 and 177.2.
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