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HaseebKhan_90
Jan 6, 2022 10:55 PM

CTVA breaking out of an 8 month cup and handle? Long

Corteva, Inc.NYSE

Description

* Exceptional earnings
* Very strong up trend
* High 3-month relative strength of 1.24 in the Basic Materials sector
* Pays out dividends and two quarters back it increased its dividends
* Breaking out of a cup and handle pattern
* Also offering a pocket pivot entry
* Base of the cup is ~8 months long and ~17.6% deep
* The stock is relatively new and this is it's 2nd stage base

Trade Idea:
* You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
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