TwitsTrader

Cup & Handle Breakout on Weekly

Long
NYSE:SNAP   Snap Inc.
Cup & Handle bullish reversal pattern is confirmed on weekly with today's candle closing above the neckline resistance. The price Broke the channel of the handle, which initiated a bullish move. This move has two targets. The first target ($17.5) is achieved, which equals the size of the channel during the handle. The second target ($30) equals to the size of the cup starting from the moment of the breakout of the handle.
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