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 | |
---|---|---|---|---|---|---|
PMZ.UN | C | 13.490 | 1.89 | 479,101 | 3.75 | |
GRT.UN | D | 69.610 | 2.14 | 244,579 | 2.71 | |
CHP.UN | D | 13.150 | 1.94 | 823,452 | 2.15 | |
REI.UN | D | 17.630 | 1.03 | 1,759,408 | 2.13 | |
LNR | D | 64.450 | 0.22 | 148,477 | 1.91 | |
GFL | C | 45.760 | 4.52 | 491,560 | 1.89 | |
ATZ | B | 36.130 | 2.24 | 442,866 | 1.82 | |
MRG.UN | D | 14.990 | 0.47 | 38,029 | 1.63 | |
CU | A | 30.300 | -0.43 | 640,300 | 1.33 | |
PIX.UN | A | 8.000 | -0.12 | 30,100 | 1.13 | |
Sign Up to view the next 27 stocks. |
Recent Comments
- Deaddog on Deaddog Trades; Go ahead ask questions.
- Cos3 on Deaddog Trades; Go ahead ask questions.
- Deaddog on Deaddog Trades; Go ahead ask questions.
- SwingTradeBot on Market Recap for Tuesday, February 27, 2024
- SwingTradeBot on Market Recap for Monday, February 26, 2024
From the Blog
Featured Articles