Price is at the resistance of a prior gap down (window).
Earnings beat but did not clear the resistance of the the left side of the cup as of yet.
No recommendation.
Some would calculate targets for a cup using the depth of the cup, applying fib levels and project those levels from the point of breakout. I usually use 10 cents higher than the left side of the cup, but volatility of the security can make a difference as well.
I see a rounded bottom with no pointed ends of a W pattern or Rising Wedges noted.
I avoid cups with a W in them as they are not usually well rounded at the bottom.
Earnings beat but did not clear the resistance of the the left side of the cup as of yet.
No recommendation.
Some would calculate targets for a cup using the depth of the cup, applying fib levels and project those levels from the point of breakout. I usually use 10 cents higher than the left side of the cup, but volatility of the security can make a difference as well.
I see a rounded bottom with no pointed ends of a W pattern or Rising Wedges noted.
I avoid cups with a W in them as they are not usually well rounded at the bottom.