Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
BWP | B | 3.520 | 3.23 | 2,623,043 | 2.59 | |
DEG | B | 1.330 | -1.48 | 9,305,759 | 2.03 | |
CLW | C | 3.490 | 1.45 | 2,071,276 | 1.52 | |
RFF | C | 1.990 | 2.05 | 712,514 | 1.40 | |
COF | C | 1.215 | 2.53 | 1,102,561 | 1.39 | |
IPX | C | 2.160 | 5.88 | 455,389 | 1.31 | |
APE | D | 13.160 | 2.41 | 331,705 | 0.94 | |
WMI | A | 1.495 | 0.34 | 198,767 | 0.92 | |
COL | B | 16.330 | 1.74 | 2,606,536 | 0.87 | |
ASK | D | 1.125 | 0.90 | 971,460 | 0.86 | |
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