blindfreddy
Long

Cup and Handle Pattern in Lannett Co

NYSE:LCI   LANNETT CO INC
We seem to be getting a cup and handle forming in LCI             at the moment, a classic pattern favored by the O'Neil school of thought. In my book this is an excellent company going for a good price, and with current merger and acquisition activity in the sector I think it has a catalyst for investor interest.
When a stock hits 50 on the Twiggs Momentum scale (50 day or 10 week) it is no mean feat and a sign of strength.
Do you have an opinion on the ASX200?
Reply
blindfreddy PRO TomUnderwood
@TomUnderwood, for theASX200 (XAT), my indicators have it short term neutral to bearish, long term neutral. I really don't follow it tbh
Reply
TomUnderwood PRO blindfreddy
@blindfreddy, Thank you
Reply
This chart exhibited the other thing that often happens when a stock hits 50 on the T.M. scale - its considered overbought and falls away. I timed this to perfection in the wrong direction, unfortunately you win some you lose some and move on..the trick is to maximise the winners. My backtesting on TM shows its a winning approach but 40 to 50% losers like most trend following systems.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out