$RE forming 2 month #CupandHandle #ChartPattern

NYSE:RE seems ready to breakout from a 2 month cup and handle pattern with a well defined horizontal resistance line.


what would be your entry and target here?
TaPlot JimmyNeedles
@JimmyNeedles, Hey Jimmy, cup and handle chart pattern target is around $263-264.
Entry on the other side is not as straight forward as target. Entry is a trading tactic. Each trader would have their own spots to enter. Some traders would buy this on Monday, some would set a buy stop above $233.10 and some would wait until for a clear daily close above cup and handle line before entering long. All of them are valid entries, its up to the trader to enter and manage their risk appropriately.
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