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 | |
---|---|---|---|---|---|---|
PIX.UN | C | 7.940 | -1.37 | 97,140 | 4.39 | |
SPPP | B | 14.270 | 0.78 | 41,615 | 4.04 | |
GOLD | C | 1.170 | 4.46 | 210,017 | 1.83 | |
CHE.UN | B | 9.170 | -0.22 | 380,418 | 1.64 | |
RS | D | 11.980 | 0.17 | 32,669 | 1.53 | |
PTI.UN | C | 6.695 | -1.69 | 37,600 | 1.50 | |
ELE | B | 1.190 | -0.83 | 45,316 | 1.48 | |
SOIL | D | 2.570 | 3.63 | 351,534 | 1.44 | |
BPF.UN | B | 15.970 | 0.13 | 38,667 | 1.36 | |
SPB | F | 9.390 | -0.32 | 745,768 | 1.10 | |
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