Monday, June 06, 2011 12:20:17 PM
Check out IWEB Cup and Handle pattern
I did not apply any techs to the chart, just wanted to show the cup and handle on the 9 month
cup is well formed, marinated over 6 months, handle is 3 months
and is holding 1/3 of cup right side's high of .28, which is .19...we got down to .20 with no sell volume and seems ready for a bounce...imo we should break the handle to the upside within the next 2 weeks...also co. is closing on a merger by June 30, taking revenues up 7-10x
check the weekly on this one as well, could be a break out of all breakouts here
I did not apply any techs to the chart, just wanted to show the cup and handle on the 9 month
cup is well formed, marinated over 6 months, handle is 3 months
and is holding 1/3 of cup right side's high of .28, which is .19...we got down to .20 with no sell volume and seems ready for a bounce...imo we should break the handle to the upside within the next 2 weeks...also co. is closing on a merger by June 30, taking revenues up 7-10x
check the weekly on this one as well, could be a break out of all breakouts here
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