Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 64 )
SYNA
Cup & Handle Pattern s
Synaptics Inc ( SYNA ) is forming a Cup and Handle pattern on its daily chart and trading below the breakout level of $ 84.85 . 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 $ 64.58 , and the handle low $ 76.34 . Targets are placed at $ 100.08 , $ 109.7 to $ 116.5 .
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