From TradingView · · 30s
CTSH Breakout Strategy
CTSH breaks 50-day SMA resistance with cup-and-handle pattern targeting $93.95.
In brief
CTSH breaks 50-day SMA resistance with cup-and-handle pattern targeting $93.95. CTSH stock breaks 50-day moving average resistance at $65.52, targeting $93.95 with stop below pattern support. Originally reported by TradingView.
CTSH Breakout Strategy
CTSH stock broke the 50-day moving average resistance at $65.52 with a cup-and-handle pattern targeting $93.95.
Key Levels
Entry trigger: Break above $65.52 Target: $93.95 Stop: Under the support / base of the pattern.
Risk Management
The breakout area is key to watch as it aligns trend, pattern and level for upside potential.
In short
CTSH stock breaks 50-day moving average resistance at $65.52, targeting $93.95 with stop below pattern support.
