Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart is from the watchlist section of the weekly report. It is featuring a cup & handle continuation chart pattern on Fortive Corporation.
FORTIVE CORP (FTV.N) – new addition to watchlist
Fortive Corporation is a provider of essential technologies for connected workflow solutions across a range of end-markets. It operates through three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The stock is listed on the New York Stock Exchange. Price chart formed a 5 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 69.10 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 71.20 levels will confirm the breakout from the 5 month-long cup & handle continuation with the possible chart pattern price target of 80.00 levels.
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