First idea here as i just started to learn charts and price actions.
This looks like a pretty neat cup with handle dropping close to 50% mark. Tight close at the bottom gives me a clue that this cup and handle has a good potential to scale up once the price moves back up closer to the lip of the cup. However, i will give up monitoring this stock if handle drops significantly lower than its 50% mark, which in my view is about 0.75 to 0.85.
Let me know what u think?
This looks like a pretty neat cup with handle dropping close to 50% mark. Tight close at the bottom gives me a clue that this cup and handle has a good potential to scale up once the price moves back up closer to the lip of the cup. However, i will give up monitoring this stock if handle drops significantly lower than its 50% mark, which in my view is about 0.75 to 0.85.
Let me know what u think?