Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
DIR.UN | D | 13.120 | 2.90 | 1,038,263 | 1.97 | |
CIX | B | 17.310 | -0.29 | 727,215 | 1.94 | |
REI.UN | D | 18.380 | 0.99 | 1,184,116 | 1.40 | |
GRT.UN | B | 77.010 | 1.96 | 111,667 | 1.36 | |
GFL | C | 47.320 | 3.36 | 308,831 | 1.28 | |
CRT.UN | D | 14.260 | 1.21 | 128,717 | 1.09 | |
T | F | 21.590 | 1.17 | 3,239,385 | 1.07 | |
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