Chart Patterns & Algorithmic Trader (Aug. 24, '20) (79)
RL Double Bottom Pattern
s
Ralph Lauren Corp. (RL) is trading in a Double Bottom pattern on its daily
chart the long entry level of $67.19. Double Bottom patterns are valid only
when price closes above the entry level with confirmed up trend. with a
stop below $63.89 (-$3.20). Targets are placed at Target1 Zone $84.5 to
$90.1 and,Target2 Zone $106.2 to $117.8.
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