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 | |
---|---|---|---|---|---|---|
EQ | D | 1.090 | 0.00 | 28,500 | 2.48 | |
FIH.U | D | 14.590 | -0.92 | 53,624 | 2.21 | |
GASX | B | 1.010 | 5.21 | 462,795 | 2.09 | |
MLC | F | 1.900 | 0.00 | 30,800 | 1.82 | |
GEO | C | 2.620 | 3.56 | 28,900 | 1.59 | |
MI.UN | F | 15.700 | 2.95 | 172,574 | 1.57 | |
VZLA | B | 2.870 | 3.61 | 1,308,049 | 1.40 | |
FN | A | 39.640 | 0.63 | 31,300 | 1.11 | |
EQX | B | 8.070 | 1.00 | 860,770 | 1.08 | |
TCW | D | 4.630 | -0.43 | 689,900 | 1.03 | |
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