Cup and handle formation. entry only after breakout of resistance line. Volumes picking up day by day. Once done, trade can be targeted for 1.618 fib levels ie; 5148 INR SL could be placed below 50EMA
VISL weekly chart has a very nice rounded cup and handle bottom pattern. Will probably require patience but I think buying and holding long term will pay off here.
Looking at my screener TRCH came up breaking a Fib resistance. After some more analysis i realized that its also exhibiting the Elliot Wave as well as forming the right side of the cup within a CnH potential pattern. Volume looks good with spikes NASDAQ:TRCH
Hourly ABNB tracing out a cup and handle pattern. Wait for entry above the top handle trend line with a stop loss underneath the bottom handle trend line.
Over the last few months GME has been forming a large cup, basically completing that cup today. If we look at the pattern from October '20 made before the first spike and current0 the formation playing out, we can find a lot of similarities. Since the squeeze seems to still be a play - just for fun - let's take a look at how this would roll if the same pattern...
First cup and handle pattern I have drawn out. Would love some feedback. The setup looks great plus MTH is a great value buy with a DCF fair value of $202. I think it can hit at least 140 in the coming weeks with a lower estimate of about 120 if the handle retraces 2/3 of its advancement.
Keep this stock in your watch list if it completes cup & handle pattern you could expect a good break out
Quick chart, 2 targets - listed on chart
Possible Cup and Handle break out with GME. Why I think it could: -Momentum is gaining again for this vintage meme stock, and earnings are in play this evening. -Chart looks bullish, moving to the upside. Why I think it might not: -There wasn't really a big "handle". That might be because the stock is so bullish that it doesn't have time to form, or we might...
As predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory. The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line...
Strategy to buy above a blue bar still is long, but as mentioned on friday it was ok to get out with a breakeven stop. Re-entry at the open as priced traded above 52, looking for prices above 64...
Wait for the Breakout ***Risk Traders can enter after the breakout ***Others can wait for the retest after breakout
Tecnically market is forming new Higher High and Higher Low, forming a cup wich means the price can potentially go up in a short term. Fundamentally last week was discuss that usd might go better in a long term wich reforce the analysis.
The stock has formed cup and Handle formation... So according to technicals it will have to go till 3.45 and further legs in a few days
Seeing a obvious Cup and Handle Pattern with $KIRK forming on lower volume. Potential for a 24->28 move soon. Original position in at 23.25.
Potential Long, as long stock price remains above 42.55 (Close price). Cup handle pattern opportunity. I do not recommend buying or sell HE stocks.