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NetWorthFocused
Dec 25, 2020 9:52 PM

VVPR Cup and Handle Developing Long

VivoPower International PLCNASDAQ

Description

VVPR appears to be developing a cup and handle dating back to October. We are missing the handle, though. This may be a brief pullback leading to a run up. Measurements for the cup are on the chart at approximately $7 from the top. On watch for a handle to develop or break out of the cup.

Volume was something to mention. The volume on the Weds run up was 16.5 million on a daily average of 1.625 million. A 10x Relative Volume.

Also worth mentioning, price reentered the RSI bull zone on 12/22 prior to the Weds run up.
Comments
TheSignalyst
what a beautiful chart!
NetWorthFocused
@TheSignalyst thank you Signalyst!
k2fold
I would argue the cup only starts at 30 Nov so it is roughly a 1 month cup and handle. I do see a beautiful opportunity for a huge breakout when 250MM deal finalization news comes out.
NetWorthFocused
@k2fold, don't have to argue lol. It would come out to a C&H on that timeframe, as well. either way, we're on the same side of the tape ;) Here's to a monster rip for both of us!!
MarkeyJ
Very nice. I am holding from $1.92
NetWorthFocused
@MarkeyJ 1.92?! Nicely done!!
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