InvestorsHub Logo
Followers 197
Posts 73393
Boards Moderated 4
Alias Born 07/18/2006

Re: EZ2 post# 95121

Wednesday, 07/23/2014 11:18:52 AM

Wednesday, July 23, 2014 11:18:52 AM

Post# of 120381

D*A --- assuming the handle does form --- over next week/several
days ---- what would the expectation be from there?



There are several scenarios that could be played out. The shape of the handle is one possible setup to watch for and place a short term target.

Some people say a cup and handle breakout target is the difference between the top and the bottom of the cup, added to the top. In this case, it would be $22.40-$10.70= 11.70 projected gain. I've heard other "so called gurus" claim the target point is measured from the breakout point of the handle? I've studied them for years and projected targets out in all sorts of fashions. I found them to be like anything else, more of a guess and not all that reliable.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.