Blackout Media Corp (BKMP)

[Rasica]

Seabiscuit....Well said and thats exactly how it is....Buys are starting to roll in now...this looks like another repeat of Yesterday.......This type of trading builds a nice handle on the Cup/Handle Pattern..................


Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement is, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.