Chart Patterns & Algorithmic Trader (Jan. 28, '20) (86)
CPRT Cup & Handle Pattern
s
Reviewed in CPAT
Copart Inc (CPRT) is forming a Cup and Handle pattern on its daily chart
and trading near the breakout level of $104.98. 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
$80.29. Targets are placed at $123.57, $135.3 to $143.5.
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