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.
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Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
DDOG | B | 128.45 | 4.08 | 7,680,384 | 2.32 | |
FLNG | C | 25.65 | 3.34 | 652,708 | 2.27 | |
TECK | F | 44.89 | -3.32 | 6,343,133 | 2.03 | |
RYN | F | 30.11 | 1.24 | 1,203,351 | 1.93 | |
PAA | D | 16.95 | 0.30 | 4,703,522 | 1.83 | |
ADI | F | 212.84 | -3.06 | 4,609,782 | 1.72 | |
UTZ | F | 16.57 | -4.82 | 1,123,198 | 1.70 | |
IAC | F | 47.01 | -2.43 | 830,680 | 1.63 | |
BALL | D | 62.48 | 3.05 | 2,524,847 | 1.61 | |
YUM | B | 135.26 | 0.48 | 3,055,109 | 1.60 | |
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