Chart Patterns & Algo. Trader September 28, 2020 | Page 66

Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 66 )

TWTR

Inverse Head & Shoulders Pattern s
Reviewed in CPAT 9 / 14 / 20
Twitter Inc ( TWTR ) has formed a Cup and Handle pattern on its daily chart and trading above the breakout level of $ 39.74 . 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 $ 29.82 , and the handle low $ 35.60 . Targets are placed at $ 47.10 , $ 51.8 to $ 55.1 and 59.3 .
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