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Replies to #44533 on lowtrade

Swimmingly

02/14/15 7:10 PM

#44534 RE: TheTradingNinja #44533

Nice one. Watching for breakout.

lowtrade

02/15/15 7:41 PM

#44540 RE: TheTradingNinja #44533

WLAN

Actually to qualify as a cup & handle (which is a continuation chart pattern) prior up trend is needed.

So no, it's not a cup & handle pattern. Prior trend was down.
http://stockcharts.com/h-sc/ui?s=WLAN&p=D&yr=0&mn=6&dy=0&id=p48764550090

You would call it a rounded bottom and use that pattern for future direction expectations. But keep in mind charts are less reliable in OTC stocks.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal