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lauralea
Apr 2, 2021 9:22 PM

Cup and Handle 

Masonite International CorporationNYSE

Description

I see an ascending triangle trying to form. The top of that triangle is resistance.

DOOR is also in a channel up right now.

It looks like the market opened this higher on Thursday than it closed at on Wednesday. Bullish, but does seem sometimes they retrace a bit afterwards. Possible small divergence on RSI.

I want to buy more of this stock but trying to wait for the right time. Price may bust out Monday. The chart is bullish but there does seem to be a bit of a battle inside that triangle. Monday when price hit the top of the triangle, a bearish engulfing candle emerged. Wednesday, there was uncertainty displayed by the spinning top. Then yesterday, the bulls were all over it.

Hopefully I can catch this at the right time.

Not a recommendation.

Go with your gut and trust yourself (o:
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