Chart Patterns & Algorithmic Trader (Sep. 14, '20) (22)
$COMPX V-Bottom Pattern
s
Nasdaq Composite Index ($COMPX) has formed a V-Bottom pattern on its
daily chart and trading above the breakout level of $9838.47. 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 $8234.90. Targets
are placed at $11820.3 to $12359.0
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