Chart Patterns & Algorithmic Trader (Jan. 28, '20) (69)
SAVE ABC Bullish Pattern
s
Reviewed in CPAT
Momo Inc ADS (MOMO) is trading in a Inv. H&S Pattern on its daily chart. A
Long entry is entered when price closes above the neckline with a strong
up trend. Enter a long trade above $21.99 and place a stop below $19.73
($2.25). Targets are placed from $25.3 to $26.2 in target1 zone and from
$28.8 to $30.7 in target2 zone.
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