lowtrade

[lowtrade]

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