MRF 3.17% 6.1¢ mrl corporation ltd

you talking to me @nasabear? well the cup and handle pattern has...

  1. 7,432 Posts.
    you talking to me @nasabear?
    well the cup and handle pattern has quite specific parameters for Confirmation. You'll have to look them up yourself/ I don't do cut'n'pastes
    Anyhow there's a Lip for Breakout, A forming of a Base for projection of breakout and a handle requirement of max 1/3rd retrace lip towards base.
    Anyhow
    mrf_ax24jul14_to_02jun15.png
    MRF doesn't Qualify for a cup'n' handle class.
    Just on the Handle being what's called in Falling Knife Mode still shows that.
    Along with doubtful lip and False Breakout of Lip and
    well one would have to be chasing butterflies or sniffing helium or amyl nitrate
    to think the Cup and Handle was in Operation

    Looking for a Consolidation Base Pattern. It's getting there around 5.5/6
    maybe today there'll be a capitulation confirmation of end of falling knife?

    Capitulation Confirmation.
    TA has fancy jargon like Master of Business FA too, hey?
 
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