near perfect formation:Re: Cup n Handle: Key Takeaways
I have also been following the flag formation
- A cup and handle price pattern on bar charts resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift.
- A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
- Traders should place a stop buy order slightly above the upper trend line of the handle.
Add to this the fundamentals, $5 by July