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 | |
---|---|---|---|---|---|---|
FCD.UN | C | 4.990 | 1.84 | 98,726 | 4.77 | |
BTCY | C | 6.120 | 0.66 | 142,412 | 3.29 | |
SGD | C | 5.350 | 1.13 | 175,684 | 1.67 | |
CCL.B | A | 72.340 | 0.68 | 423,619 | 1.61 | |
DIR.UN | C | 12.630 | 0.96 | 700,959 | 1.56 | |
DOO | D | 86.840 | 1.13 | 313,104 | 1.53 | |
HR.UN | F | 8.800 | 0.34 | 590,075 | 1.42 | |
ELE | D | 1.070 | -0.93 | 30,827 | 1.28 | |
NPI | B | 23.890 | 1.06 | 1,091,768 | 1.17 | |
CGX | C | 8.100 | 4.79 | 494,364 | 1.10 | |
Sign Up to view the next 31 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