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 | 7.790 | -2.26 | 61,225 | 3.26 | |
ALC | F | 14.180 | -0.21 | 37,623 | 3.23 | |
CJ | C | 7.070 | 3.06 | 1,298,630 | 2.01 | |
ELE | C | 1.170 | -2.50 | 53,774 | 1.75 | |
WCP | B | 10.680 | 2.79 | 3,128,065 | 1.51 | |
KXS | D | 148.850 | -0.13 | 70,796 | 1.37 | |
MRG.UN | C | 15.380 | -1.09 | 33,613 | 1.24 | |
GIL | B | 50.770 | -2.03 | 336,482 | 1.19 | |
BPF.UN | C | 15.720 | -0.32 | 30,783 | 1.04 | |
TNZ | D | 3.820 | 1.06 | 34,499 | 0.94 | |
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