Chart Patterns & Algorithmic Trader (Sep. 21, '20) (47)
NMR Cup & Handle Pattern
s
Nomura Hldg ADS (NMR) is forming a Cup and Handle pattern on its daily chart and
trading below the breakout level of $5.51. 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 $4.48, and the handle low $4.98.
Targets are placed at $6.12, $6.6 to $6.9.
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