Chart Patterns & Algorithmic Trader (Sep. 21, '20) (50)
SNE Cup & Handle Pattern
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Sony Corp ADR (SNE) is forming a Cup and Handle pattern on its daily chart
and trading near the breakout level of $73.96. 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
$62.40. Targets are placed at $82.57, $88.0 to $91.9.
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