Notuncoolish,
No, I wouldn't call this a cup and handle formation. There would be a big drop, relative flat bottom followed by a quick rise back to approximately the same level it was before the drop. The handle would form as a flag or pennant formation on lower volume. Right now, the stock is forming what could be a bullish flag. The stock broke it's downtrend line and has retested it on lower volume. While this technically would count as a trend reversal, we are too close to the underside of the 200-DMA to have any more room to run. That is unless of course the stock breaks through the 200-DMA and can stay above it for 5+ days (probably a retest or two). If that happens, then this stock may truly be turning around.
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