Chart Patterns & Algorithmic Trader (Jan. 28, '20) (92)
RH V-Bottom Pattern
s
Reviewed in CPAT
RH (RH) has formed a V-Bottom pattern on its daily chart and trading above
the breakout level of $256.37. V-Bottom patterns are traded when price
closes above the breakout level. A stop is placed below the mid level of
the V-Bottom pattern at $164.71. Targets are placed at $369.4 to $400.2
and $488.8 to $552.9.
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