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RA_Capital
Oct 10, 2019 4:35 PM

$JCOM weekly C&H breakout #cupandhandle #chartpattern #stocks Long

Description

JCOM is breaking out from a year and a half Cup & Handle pattern on the weekly chart
MACD and RSI very supportive of the move , only remark here is that I would have liked a bit more volume to support this move
Could wait for a potential retest of the breakout line around 91
First measured target is around 104-105 second target around 116-117

Trade active

First target area reached,
Congrats longs
TA

Trade closed: stop reached

Stop after the breach of cup neckline
TA
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