Chart Patterns & Algorithmic Trader (Jan. 28, '20) (75)
TNDM Rectangle Channel Pattern
s
Reviewed in CPAT
Tandem Diabetes Care Inc (TNDM) is trading in a rectangle chart pattern on its daily
chart above upper trendline $110.80. A long trade may be entered if price breaks
above the upper trendline with a stop below the mid-channel level $102.25 and viceversa.
Breakout targets are: $119.3 to $127.9. Breakdown targets are: $85.2 to $76.6.
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