Chart Patterns & Algorithmic Trader (Jan. 28, '20) (94)
ORCL Cup & Handle Pattern
s
Reviewed in CPAT
Oracle Corp (ORCL) is forming a Cup and Handle pattern on its daily chart and trading
near the breakout level of $57.43. 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 $48.52, and the handle low $53.61. Targets are
placed at $64.03, $68.2 to $71.2.
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