Cup and Handle has formed on Costco and the system has lined up beautifully for a long with a target of $587.65. However, no trade will be taken according to the system as there is a GAP in the pattern. Gaps close 70% of the time... It might work out but through my experience, gaps close shortly after (which is where the stop loss would more or less be). WARNING: Gap - No trade
Great long for a "run into earnings" type of play. I just exited mine this morning. And that gap is very bullish so dont expect that to fill (before earnings)