This would be an ideal entry for example. Hopefully this illustrates that it's less of a cup and handle formation.
If you want to study cup and handles, this is pretty much a resource bible from O'Neil. Remember the pattern is just for timing the entry, it's success rate is often determined by how it came to be (fundamental backdrop being supported by institutions).
Technical price chart, page-8
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.53M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1887 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 28672 | 1 |
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| Last trade - 16.12pm 01/11/2024 (20 minute delay) ? |
| TRP (ASX) Chart |
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