Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 53 )
CAT
Cup & Handle Pattern s
Reviewed in CPAT 9 / 7 / 20
Caterpillar Inc ( CAT ) is forming a Cup and Handle pattern on its daily chart and trading near the breakout level of $ 150.65 . 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 $ 119.03 , and the handle low $ 142.68 . Targets are placed at $ 174.51 , $ 189.5 to $ 200.1 .
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