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 | |
---|---|---|---|---|---|---|
AALI | D | 6175.000 | 0.00 | 546,000 | 0.81 | |
EQ | B | 1.120 | 1.82 | 17,000 | 0.79 | |
TNZ | F | 3.780 | 1.61 | 29,716 | 0.79 | |
GRT.UN | F | 68.290 | 0.38 | 68,575 | 0.72 | |
BPF.UN | C | 15.770 | 0.19 | 20,273 | 0.69 | |
FIH.U | D | 14.080 | 0.00 | 23,845 | 0.66 | |
MRU | A | 73.960 | -0.80 | 234,050 | 0.57 | |
PTI.UN | B | 6.810 | -0.29 | 11,100 | 0.51 | |
CJ | D | 6.860 | 0.88 | 304,905 | 0.48 | |
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