Chart Patterns & Algorithmic Trader (Sep. 21, '20) (44)
IX V-Bottom Pattern
s
ORIX Corporation ADS (IX) has formed a V-Bottom pattern on its daily chart
and trading above the breakout level of $73.71. 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 $63.61. Targets are placed at
$86.0 to $89.3 and $99.0 to $106.0.
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