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 | |
---|---|---|---|---|---|---|
CSW.A | D | 12.850 | 1.10 | 26,712 | 1.73 | |
FIH.U | C | 14.710 | 0.07 | 39,924 | 1.64 | |
BCE | D | 46.310 | 0.15 | 2,458,203 | 0.86 | |
MTL | C | 14.400 | -1.17 | 163,361 | 0.72 | |
AAPL | B | 34.510 | 1.17 | 78,062 | 0.69 | |
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