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.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
GQG | C | 2.500 | -7.75 | 3,394,057 | 0.99 | |
HLI | B | 4.140 | 2.48 | 902,448 | 0.98 | |
IPH | F | 5.700 | -2.73 | 714,270 | 0.92 | |
RFF | D | 1.975 | 0.77 | 439,623 | 0.87 | |
CQR | C | 3.540 | -1.12 | 1,212,611 | 0.85 | |
GOR | B | 1.725 | 2.99 | 3,307,114 | 0.68 | |
ELD | D | 8.540 | 0.00 | 258,662 | 0.63 | |
SOL | A | 35.200 | -0.65 | 229,412 | 0.63 | |
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