InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,940.00
(
0.23%
)
Post# of 47295
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

lowtrade

Send PM Follow Ignore
Followers 1653
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

lowtrade

Re: TheTradingNinja post# 44533

Sunday, 02/15/2015 7:41:48 PM

Sunday, February 15, 2015 7:41:48 PM

Post# of 47295
WLAN

Actually to qualify as a cup & handle (which is a continuation chart pattern) prior up trend is needed.

So no, it's not a cup & handle pattern. Prior trend was down.
http://stockcharts.com/h-sc/ui?s=WLAN&p=D&yr=0&mn=6&dy=0&id=p48764550090

You would call it a rounded bottom and use that pattern for future direction expectations. But keep in mind charts are less reliable in OTC stocks.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal

Welcome to my mind!

Success to all
IHUB http://investorshub.com/boards/board.asp?board_id=3972
http://youtube.com/lowtrade
Educational Board

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

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.

Sign Up