A Cup With a Handle Pattern is a very reliable pattern. The buy entry should always be 10 cents above the high of the handle. In this example the high was $62.02.
My entry point would be at $62.12 as long as the volume for that day is 40% above the 50 day average volume.
ROL broken out its all time high resistance with high volume, and showing upward momentum. Moneyflow also pushed higher. It proved to be recession proof. Based on Fib-extension we think it will go above $40.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Breakout potential
Entry Target Criteria- Current price
Exit Target Criteria-...