WillyWongKarW

Cup and Handle? W/ a tight close base (37-weeks and counting)

NASDAQ:CSCW   Color Star Technology Co. Ltd
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?

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