Very appealing setup on this cup and handle 3 month chart pattern.
1. Handle taking the form of rectangle consolidation
2. Handle forming right above 200 MA (bullish)
3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line)
A decisive daily close above $26 will confirm the pattern and the breakout and set the stage for a rally up to $30s.
1. Handle taking the form of rectangle consolidation
2. Handle forming right above 200 MA (bullish)
3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line)
A decisive daily close above $26 will confirm the pattern and the breakout and set the stage for a rally up to $30s.
Nota
setup never triggered so you shouldn't be long yet. That said, setup is still valid and will remain on the list to watch for breakout attempt in the next week or so.Pesanan dibatalkan
not a cup and handle setup anymore. might drop into a rectangle setup. if it does i'll re-post it.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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.