Chart Patterns & Algorithmic Trader (Sep. 21, '20) (42)
HMC Inverse Head & Shoulders Pattern
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Honda Motor ADR (HMC) is trading in a Inv. H&S Pattern (F) on its daily
chart. A Long entry is entered when price closes above the neckline with a
strong up trend. Enter a long trade above $28.38 and place a stop below
$26.26 ($2.12). Targets are placed from $33.9 to $35.5 in target1 zone and
from $39.8 to $43.0 in target2 zone.
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