Aruba Networks Classic Cup and Handle

465 1 1
Great company that deals with wireless and wire-line enterprise networks. Strong base pattern ( cup and handle ) that broke out today. Outlook/Goal - Buy: now, Sell: around 34.00.
Reflection: Errors in my analysis.

1) The large cup and handle was not a true cup and handle, as the cup and handle is not a turning indicator but a bullish indicator. The price must increase before a cup and handle is formed for it to have a good success rate.

2) The second, smaller cup and handle was accurate. However, the measure rule for a cup and handle is target = (.5 (top of handle - bottom of cup)) + top of handle. Where the top of the handle is the buy point. As a result, the target price should have been at (.5*4) + 21.56 = $23.56, a price that was hit before the pattern broke its upward trend line (2013-02-20).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out