Stocks Making: Cup with Handle on 22/01/2019

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.

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Results have been limited to 9 of the 24 matching stocks. For full access to this scan you must subscribe to a Pro Plan
Symbol Grade Close % Change Volume Vol Surge
AQY.A 10.020 0.00 350,000 8.65
INO.UN 9.930 -0.80 59,959 2.47
ITP 19.200 -0.36 401,857 2.12
DNG 1.550 -2.52 52,700 1.62
CPX 28.560 -0.28 520,518 1.48
WPK 48.490 -0.33 67,298 1.37
T 46.000 0.17 1,477,102 1.18
BIP.UN 51.490 -1.08 289,484 1.13
GC 53.840 -0.15 302,471 1.06
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