I see a classic cup and handle formation, with some selling when we reached the near term high (profit takers), but not convinced entirely due to the low volume in the pattern creation. That said, if we break downtrend and clear the previous near term high of 129.80, it could be a quick sail to 133. With the impending Ex-im bank re-authorization coming up in...
The volume was higher on red days than green days during the first top, and during the second top the volume is low (typical of a cup and handle) and also higher volume on green days than on red days, indicating a bullish chart. This may still turn out to be a double top, so investors should be cautious and watch the support.
After a failed breakout of the primary C & H pattern yesterday and a fade today, $NFLX bounced off $443 late day and continued up again into the close, perhaps anticipating a retest of of that heavy top around $455 later in the week. What today's price action also put together was a double C & H pattern, that is almost an exact time/scale mirror of the pattern...
$NFLX might be developing a long-term cup and handle after post er sell-off. If the market cooperates this could be fun.
This stock is a great candidate in fundamentals with a great technical set up, it has used it's 10 week moving average (50 day) for a long time showing buying, the recent correction has created a cup/handle base with a buy at 71.96 area...the potential is at least the bottom of the cup to the handle turned upside down in points 6 points, however it could run much higher
Monthly Cup and Handle spells big gains into year end. Very Strong buy signal just came through with a bullish cross of the Tenkan-sen through the Kijun above the cloud. Other indicators bullish as well with Stochastics about to cross back bullish and MACD in Bullish Territory. Good support shown after a small secondary was announced for acquisition purposes....
Facebook has been in my stocks to buy now video on youtube. This stock will continue to monetize it's list in the short term but long term may become harder as the younger set leaves Facebook for other tools like snapchat
The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here...
Pair found bottom after downtrend and sentiment changed to the upside. Now it is flagging/consolidating. Need some catalyst to attract more active buyers and investors. Interest rate decision tomorrow could be one of them. I will put feeler here with STOP below support zone at $0.92500 and will ADD more through $0.93000 on break up of "handle". Potential TARGET...