Slack stock (WORK) has been setting up a really nice Cup & Handle, I recommend keeping your eyes on it!
We HAVE to make sure it breaks upwards with volume before trading on it.
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We are now in the buy zone, which can extend all the way down to the next fib ratio. We are looking for a price break upwards, out of this current channel, as a strong bullish move.
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Pattern still holds, no confirmation of breakout yet.. Looks close
If this is a C&H then you should price projection should start from the completed handle breakout at the top of the cup. So start at $40 and add $25 = $65. Good Luck!
Shwayze
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@RockDalio, absolutely, I believe that is where I got the $55 - $65, the former being more of a Fib Extension pricing point, and a safer gamble. I do not know how much time we will have before the market starts its reversal, but we already had a breakdown / change of the market structure, with huge gains seen in August. But you are correct, a true pattern would start from the top!
rbrnet99
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Very Nice, I am new to stocks thank you for sharing.