Arrowhead Pharmaceuticals

The price formed a nice cup and handle pattern and also broke a recent bull flag. Due to the fact that we are at a significant resistance area I would consider to enter the trade when we close in combination with a high volume over 90$. The price target is 120$ (1:1 projection of the range of the cup and handle pattern) and the stop should be placed at the recent distinct low. The parabolic SAR daily chart default settings can be used as stopmanagement.

Kommentar:

Stopmanagement: 85.34$

Trade geschlossen: Stop wurde erreicht