Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 61 )
SFIX
Cup & Handle Pattern s
Stitch Fix Inc Cl A ( SFIX ) is forming a Cup and Handle pattern on its daily chart and trading below the breakout level of $ 29.48 . 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 $ 20.14 , and the handle low $ 21.55 . Targets are placed at $ 36.40 , $ 40.8 to $ 43.9 .
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