Chart Patterns & Algorithmic Trader (Jan. 28, '20) (22)
$COMPX V-Bottom Pattern
s
Nasdaq Composite Index ($COMPX) has formed a V-Bottom pattern on its
daily chart and trading above the breakout level of $9838.47. V-Bottom
patterns are traded when price closes above the breakout level. A stop is
placed below the mid level of the V-Bottom pattern at 8234.90. Targets are
placed at 11820.3 to 12359.0 and 13911.2
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