Cup and Handle

12 ธ.ค. 2020

NCLH is trying to hit long entry level and has formed a cup and handle pattern..it has been a "Long and dark" year for cruiselines..

Will folks ever travel again or are we stuck in 2020 for the rest of our lives? I sure hope we are not! 2020 has to end on January 1st..or does it?

Cup and handle targets are based on cup depth and price must hit long entry level to be valid..this is an intra-year cup and handle pattern..

Not a recommendation

Possible stop below 19.70/Mid cup

13 ธ.ค. 2020

บันทึก

Some folks get in on the handle. Not the rule I learned but we all have different rules and I have gotten in before long entry level in the handle or at times before the handle formed.
The handle is a period of consolidation before the possible break out. The tighter the candles are during this period, or pause, the better. Sometimes you can even catch one around mid cup if you feel very certain about a certain equity. Sometimes there will be a small pull back in the handle before price takes off and can "shakeout" holders out by grabbing the minefield of stops folks place under the handle low. Remember what you see as support, so do lots of other folks because they are all looking at the same chart.