Chart Patterns & Algorithmic Trader (Jan. 28, '20) (40)
RHHBY Cup & Handle Pattern
s
Roche Hldg Ltd (RHHBY) is forming a Cup and Handle pattern on its daily chart and
trading near the breakout level of $44.8700. 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 $39.9050, and the handle low
$42.0800. Targets are placed at $48.4674, $50.783 to $52.418.
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