Chart Patterns & Algorithmic Trader (Jan. 28, '20) (52)
WDAY Cup & Handle Pattern
s
Reviewed in CPAT 8/17/20
Workday Inc (WDAY) has formed a Cup and Handle pattern on its daily chart and
trading above the breakout level of $202.10. 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 $154.88, and the handle low $174.47.
Targets are placed at $237.82, $260.2 to $276.1 and 296.3.
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