Chart Patterns & Algorithmic Trader (Sep. 21, '20) (45)
JAPSY Cup & Handle Pattern
s
Japan Airlines Ltd (JAPSY) is forming a Cup and Handle pattern on its daily chart and
trading below the breakout level of $11.5300. 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 $9.6350, and the handle low
$10.3400. Targets are placed at $12.7942, $13.649 to $14.252.
www.surinotes.com