Cup with handle in formation
Cup base duration (3-Jan to 8 Apr) - 17 weeks
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)
Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.
Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)
Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.
Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.