Chart Patterns & Algorithmic Trader (Sep. 21, '20) (40)
CAJ Double Bottom Pattern
s
Canon Inc ADR (CAJ) is trading in an Double Bottom pattern on its daily chart above the
long entry-level of $16.58. Double Bottom patterns are valid only when price closes
above the entry level with the confirmed up trend. Enter a long trade above entry-level
with a stop below $16.09 (-$0.39). Targets are placed at Target1 Zone $17.2 to $17.5
and,Target2 Zone $18.4 to $19.1.
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