Earnings are in October
This one has morphed quite a bit and is not a typical Cup and Handle
But nothing is typical
Cup low is 31.47
Mid Cup is 55.5 ish
I may consider my stop under 55 if i wanted to hang on to this. If not, put it under the handle low. I do not like suggesting stops as I use them rarely. I use them when I see I am in trouble. Not a practice I preach though..nor do i recommend it...
Mr Market has burned me on stops one too many times. He came very, very close to getting me on AMD. I do not like having to worry with that. If I do not trust my decision to get in...then I need to get out. And there is nothing wrong with getting out. If I am going to place such a loose stop that mr market can't find it, I figure what is the point of placing it? When i see my losses piling up, I stop myself out. Sometimes I stop myself to stay in by accident and stop never hits. I am not huge on stops..but I know this is not a good practice. The whole thing is a gamble sometimes. We do the best we can
The market has been volatile. This particular stock is not super volatile as a rule..but....
Possible Targets 2 are 90.5 to 96. For this same reason of never knowing what we will get handed day to day, I did not post targets 2 on the chart
We adjust. Sometimes traders have to deal with the hand they have been dealt
I like this stock, but Not a recommendation
This one has morphed quite a bit and is not a typical Cup and Handle
But nothing is typical
Cup low is 31.47
Mid Cup is 55.5 ish
I may consider my stop under 55 if i wanted to hang on to this. If not, put it under the handle low. I do not like suggesting stops as I use them rarely. I use them when I see I am in trouble. Not a practice I preach though..nor do i recommend it...
Mr Market has burned me on stops one too many times. He came very, very close to getting me on AMD. I do not like having to worry with that. If I do not trust my decision to get in...then I need to get out. And there is nothing wrong with getting out. If I am going to place such a loose stop that mr market can't find it, I figure what is the point of placing it? When i see my losses piling up, I stop myself out. Sometimes I stop myself to stay in by accident and stop never hits. I am not huge on stops..but I know this is not a good practice. The whole thing is a gamble sometimes. We do the best we can
The market has been volatile. This particular stock is not super volatile as a rule..but....
Possible Targets 2 are 90.5 to 96. For this same reason of never knowing what we will get handed day to day, I did not post targets 2 on the chart
We adjust. Sometimes traders have to deal with the hand they have been dealt
I like this stock, but Not a recommendation