Cup and Handle breakout
9 day EMA just crossed 21 day EMA and 50 day MA
Steady increase in volume
Following volume rules of cup pattern
Gap on 17th Sept filled on 5th Oct
RSI > 60
Stochastic >70
Buy above height of cup 79.16
Target of $18 being height of cup or $6 dollars as 2 * ATR
Stoploss at $70 levels as cluster support and 9 day EMA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.