AAPL: "Engulfing" Cup and Handle
Both are daily charts of Apple. On the left, a cup and handle formation has recently resolved within the larger trading range. First there was a test of upper resistance (I call it a kiss hello, probably not the first to call it that), then a small pullback (the handle), then a breakout. Old resistance became new support, and when price came back, it said thanks a lot and gave support a kiss goodbye.
On the right, the same type of behavior is evident. In a sort of, "engulfing manner," a new cup and handle is happening around the first one. This time it is more interesting because a break above would take us to a new all-time-high.
On the right, the same type of behavior is evident. In a sort of, "engulfing manner," a new cup and handle is happening around the first one. This time it is more interesting because a break above would take us to a new all-time-high.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
You must be in the arena to win the game
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.