Earnings 11-16 AMC
LE= Long entry. YY is not to LE level for C&H pattern
The S traignle upper trendline can provide support for possible pull back. I almost put the handle low a few dollars lower, so use your own judgement
Possible stop below Handle low or Mid cup which is 85.9
Targets for a cup and handle are calculated by the depth of the cup
This is an intra-year C&H pattern.
A symmetrical triangle is a continuation pattern and is not valid unless it breaks up or down. This one has broken up. Long entry for the triangle is 90.85
AAPL and TSLA are both hanging out in a S triangle with no break as of yet.
Tading close to earnings can be risky.
Just an observation
LE= Long entry. YY is not to LE level for C&H pattern
The S traignle upper trendline can provide support for possible pull back. I almost put the handle low a few dollars lower, so use your own judgement
Possible stop below Handle low or Mid cup which is 85.9
Targets for a cup and handle are calculated by the depth of the cup
This is an intra-year C&H pattern.
A symmetrical triangle is a continuation pattern and is not valid unless it breaks up or down. This one has broken up. Long entry for the triangle is 90.85
AAPL and TSLA are both hanging out in a S triangle with no break as of yet.
Tading close to earnings can be risky.
Just an observation