Tuesday, July 19, 2011 6:19:19 AM
Cup and Handle - Projected Price
I'm still pretty new to playing in the stock market and this is my first chart, so if I am way off on this frodo, please let me know.
I've read up on the cup and handle to get a better understanding of it and it's indicators. According to the information provided on stock charts.com, I have come up with a projected price of .0073 for the first or second week of August. This all assumes that the increase over the last few days is the beginning of the breakout and that the trend will grow at the same rate as the previous one.
Also, given the timing of the potential news in the coming days or weeks, I would think that we could possibly overshoot the projected .0073 pps. What do you think?
I'm still pretty new to playing in the stock market and this is my first chart, so if I am way off on this frodo, please let me know.
I've read up on the cup and handle to get a better understanding of it and it's indicators. According to the information provided on stock charts.com, I have come up with a projected price of .0073 for the first or second week of August. This all assumes that the increase over the last few days is the beginning of the breakout and that the trend will grow at the same rate as the previous one.
Also, given the timing of the potential news in the coming days or weeks, I would think that we could possibly overshoot the projected .0073 pps. What do you think?
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
