Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 54 )
CTSH
Cup & Handle Pattern s
Reviewed in CPAT 9 / 7 / 20
Cognizant Tech Solutions ' A ' ( CTSH ) is forming a Cup and Handle pattern on its daily chart and trading below the breakout level of $ 71.58 . 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 $ 55.75 , and the handle low $ 64.99 . Targets are placed at $ 83.44 , $ 90.9 to $ 96.2 .
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