Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 44 )
HMI
ABC Bullish Pattern s
Garmin Ltd ( GRMN ) is forming a Cup and Handle pattern on its daily chart and trading below the breakout level of $ 105.68 . 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 $ 83.31 , and the handle low $ 93.18 . Targets are placed at $ 122.51 , $ 133.1 to $ 140.6 .
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