The market is very volatile due to the upcoming election. I am seeing a little build-up to form a cup and handle for $AMD before it goes up again.
LITE is forming a nice cup and handle pattern and has regained the fib level of 0.5 and successfully tested it. If there is enough buying pressure to reclaim the .61 fib level, it would mean it would enter back into the prime trend line from march. Upside is 90.86 downside is 93.16 First ever post. any feedback is much appreciated as I am trying to learn....
Why is this not considered a cup and handle pattern?
As you can see in NSE:BHEL Chart CUP and Handle Pattern form and Handles trendline is break out with strong bullish candle. You can buy with current price or wait for another break out of CUP top. Risk is low but the profit is double, if you follow the strict stop loss. Risk Reward 1:2 BUY : @Current Price OR @44.60 STOP LOSS : @33.80 First Target : ...
- A promising long setup has developed onn Massmart with a "Cup & Handle" pattern. - Looking to add to the position on a break of R36.22 - Stop below the last swing low -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
$ADSK forming well defined cup bas and with good volume and seems ready to run before earnings
Looks like $JD is about to explode, seeing big call sweeps come in for $80c 12/18/2020 with a darkpool of 110.932 shares ($8.9 million) that came in at 4:46pm after hours creating a support level here.
Near/at the 0.786 with divergent MFI/RSI. Might be a Cup & Handle forming; if so, the Handle typically retraces half the right wall of Cup. Likely to sell within a week IMO. Could double top before it breaks; don't bet the farm yet! Not advice; trade at ur own risk: GLTA!
Is this a weird Coincidence that the DXY has this pattern breaking out completion around Election Day??? Your Thoughts...
A Cup & Handle is going on, so according to the theory the handle should go up unless there is some external factors that effect the movement. Let's see!
$UONE cup & handle in play. Big gains coming in!
Why is it a buy? As I stated in a previous post, I spotted a Cup & Handle forming in BOOT. In my opinion, the formation in BOOT is a complete...though the handle looks a little wonky lol. Who else is in BOOT? NYSE:BOOT
$PYPL ( DAILY) Cup and handle breakout 9 day EMA > 21 day EMA Handle formed? RSI >50 , Stochastic >75 however red > blue , must watch out for change in trend Buy above height of cup at 201.9 for a target of $25 Last few days volume < AVG , need more volume for confirmation
NYSE:BOOT Wow, another C&H pattern setting up and it is near completion! Needs to close around $30.50ish to complete and it needs to complete in the next 5 days or so imo. Follow me for more setups. I'm not in this one yet but I'll be hopping in if it completes.
cuphandle pattern it is in down trend but if it bounce back at level 263 or 245 and sustain above 289 than the long term tgt is 361-380 in next 3-4 months. this is only for education purpose. please do your own analysis before taking the trade. I am not responsible for any losses or gain.
Kindly consider this as knowledge sharing and not any kind of recommendation! Bharat Electronics is forming a Cup & Handle Pattern on a WEEKLY timeframe Important Observations 1. Price is near the demand zone as well as lower channel line of Handle 2. Volumes on the consolidation of the handle are low 3. A handle is considered valid if retracement is 1/3 to 1/2....