Chart Patterns & Algorithmic Trader (Aug. 24, '20) (80)
V Rectangle Channel Pattern
s
Reviewed in CPAT 7/27/20
Visa Inc (V) is trading in a rectangle chart pattern on its daily chart above
upper trendline $200.95. A long trade may be entered if price breaks
above the upper trendline with a stop below the mid-channel level $194.06
and vice-versa. Breakout targets are: $207.8 to $214.7. Breakdown targets
are: $180.3 to $173.4.
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