AI
Wednesday, March 24, 2010 5:42:34 PM
Cup & handle targets.
Target is plotted from handle breakout, NOT resistance.
Resently been posting about the cup & handle. I said if the handle waits to 61% FIBS it's odds of success are much less and the traded gains reduced to the point, why trade it anyway. This shows what I was posting about.
This stock was on cup & handle watch, after a double bottom success. Check chart below to see the update.
Looking like pattern will fail, also note I calculated the target & gain if it broke at my 38% limit. Odds are there the trade would be successful.
Target is plotted from handle breakout, NOT resistance.
Resently been posting about the cup & handle. I said if the handle waits to 61% FIBS it's odds of success are much less and the traded gains reduced to the point, why trade it anyway. This shows what I was posting about.
This stock was on cup & handle watch, after a double bottom success. Check chart below to see the update.
Looking like pattern will fail, also note I calculated the target & gain if it broke at my 38% limit. Odds are there the trade would be successful.
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Success to all!
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