Alternate Bullish Bat Pattern for CNO

٢٠ مايو ٢٠١٤

Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram.

Entry: 16.03 Limit
Stop loss: 15.49
Target: 16.89
R/R : 1:1.6