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$2.86 pilbara minerals limited

LIT cup and handle, page-10

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311cpm963

391 Posts.

73

20/01/20

09:11

Post #: 42464686
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Originally posted by moowee: ↑

h00ts said: ↑
For anyone who doesn't know the significance of a cup and handle pattern. Here's a quick description from Wiki.

Cup and handle

In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak.[1] It is interpreted as an indication of bullish sentiment in the market and possible further price increases.[2]

The cup part of the pattern should be fairly shallow, with a rounded or flat "bottom" (not a V-shaped one), and ideally reach to the same price at the upper end of both sides. The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts from 1 to 6 months, while the handle should only last for 1 to 4 weeks.[3]

Cheers
Moowee

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Cheers mate, I really appreciate your time to show me this.

I did "google" it after the initial advice I got.

Cheers

peter

PLS Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $2.86		Change 0.190(7.12%)		Mkt cap ! $8.551B

Open	High	Low	Value	Volume
$2.76	$2.88	$2.74	$119.8M	42.51M

Buyers (Bids)

No.	Vol.	Price($)
154	682543	$2.85

Sellers (Offers)

Price($)	Vol.	No.
$2.86	625680	74

View Market Depth

No.	Vol.	Price($)
157	689552	2.850
66	454486	2.840
36	432489	2.830
21	164416	2.820
15	311676	2.810

Price($)	Vol.	No.
2.860	610861	76
2.870	276387	34
2.880	450712	48
2.890	437185	35
2.900	355838	49

Last trade - 15.30pm 12/09/2024 (20 minute delay)

PLS (ASX) Chart