Cup and Handle pattern in the making..

٨ أبريل ٢٠١٦

The Cup has formed, now we can wait for the so called handle to form with a meaningful pullback to 106. after which a break above 112 could be a strong buy.
Confluence of several factors to support a long thesis.
1. Cup and Handle breakout
2. Close over 200SMA
3. Breakout of that green down trending line.