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Re: Scrooge_McNoob post# 115878

Tuesday, 06/29/2021 11:07:36 AM

Tuesday, June 29, 2021 11:07:36 AM

Post# of 198945
You can see it on the daily! I drew it on this older chart here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164609969

It's a little strange looking with those few days trading flat around $0.30. But it fits these definitions as far as I can see: https://www.investopedia.com/terms/c/cupandhandle.asp

(That's IF the pattern fully forms! We need to break thru resistance today or tomorrow to get back to the cuphandle retest at $0.30)

I'll note that cup and handle is usually associated with a bull trend, forming as a continuation pattern of previous upward movement. But this one, if it fully forms, would actually be the consequence of a long rounding bottom at the end of a bear trend. When that happens it's still valid, afaik!