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Re: common_cents post# 8609

Saturday, 03/29/2014 9:52:57 AM

Saturday, March 29, 2014 9:52:57 AM

Post# of 47370
I'm seeing the possible formation of a quite violent cup and handle pattern
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

ICBU chart:
http://stockcharts.com/h-sc/ui?s=ICBU&p=D&yr=0&mn=4&dy=0&id=p10314259004

Based on the typical explanation of price rise after handle breakout, I am seeing apx .33-35 upcoming. Although with the rapid consolidation, your .40 target may be quite possible.

all this jmho though ;)