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stewdamus
Feb 5, 2021 3:01 PM

BAT - Another perfect setup! Target 75 cents. Long

Description

Swing trade alert here. Time frame = 4-6 weeks.

You can see a perfect Cup and Handle pattern is almost complete. The RED line measures the depth of the CUP. Clone that and estimate our exit from the handle and we'll come up with a fairly accurate target. I will post a picture of this in the comments section.

Again, this is not a fast trade. Give it at least 4 weeks. It may happen faster but I'd rather under-promise and over-deliver on expectations here.

Let me know in the comments if you are taking the trade. Follow this post and I will update along the way. When we reach the target I will close out.

Happy Trading friends!

Comment

Comment

Have no idea why my chart didn't post with this view? Sorry about that. Press the play button and then drag the chart to the appropriate view point. This is what should've been the thumbnail.

Comments
Spartac
nice charts, but I think for ideal cup and handle, the handle has to stay in the UPPER 1/3 of the bottom of cup to be valid.
stewdamus
@Spartac, I guess I didn't realize that. Thanks for making me aware. This one still seem to be working out so far.
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