Replies to post #34624 on NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

Here's my previous post on this...

A Strong Cup and Handle Chart Pattern has formed over the past year...

Flip referred to this recently, but I'm not sure if it was really looked at.

Meaning two things... there's not much more selling in the stock, and a breakout is near.

The typical cup-with-handle pattern starts with the stock moving down five to seven weeks to form the left side of the cup. In most cases, the bottom part of the cup should be rounded, more in the fashion of a “U” than a “V.” This area of the pattern is important because it shakes out the weak investors and establishes a foundation of strong holders who are less likely to sell during the coming advance. The pattern then moves up the right side, traveling more than halfway up the pattern, usually within 15% of the pattern’s old high price on the left side.

DEFINITION of 'Cup and Handle'
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. The cup can be as short as seven weeks and as long as 65 WEEKS.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to FOUR WEEKS [handle]... then it takes off.


The large cup in our recent pattern from March 11, 2014 to April 17, 2015 = 57 WEEKS

The handle from April 20, 2015 through May 11 thus far = 3 WEEKS