CVI's cup and handle formation is now dead in the water. Sometimes they do fail to play out. But there seemed to be a lot of interest here in the mechanics of it. So I will make a cross reference. Have a look at the chart for VEC. I hold no VEC, I intend to hold no VEC. I don't even know what VEC does but their chart was a perfect example of how we were hoping (sniff) CVI would have played out. Note how when VEC's handle was fully formed it broke out yesterday with a gap and closed on a high. It raced own this morning to fill the gap and then straight back up to it's high.
All textbook TA for anyone interested
CVI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
