Chart Patterns & Algorithmic Trader (Aug. 24, '20) (82)
TXN Cup & Handle Pattern
s
Reviewed in CPAT 6/22/20
Texas Instruments (TXN) is forming a Cup and Handle pattern on its daily chart and
trading near the breakout level of $135.80. 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 $114.40, and the handle low $120.75.
Targets are placed at $151.89, $162.0 to $169.2.
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