Chart Patterns & Algorithmic Trader (Jan. 28, '20) (59)
CSIQ Cup & Handle Pattern
s
Canadian Solar Inc (CSIQ) has formed a Cup and Handle pattern on its daily chart and
trading above the breakout level of $25.45. 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 $18.68, and the handle low $21.60.
Targets are placed at $30.42, $33.6 to $35.8 and 38.7.
www.surinotes.com