TaPlot
Long

$RE forming 2 month #CupandHandle #ChartPattern

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

Comments

what would be your entry and target here?
Reply
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.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out