GW1 7.69% 3.6¢ greenwing resources ltd

a nice round bottom

  1. 5,446 Posts.
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    A cup and handle or an inverted head and shoulders.

    All techo gibberish maybe but BSM is showing a text book example right now.

    Lets use the cup and handle example.( best seen on a weekly chart)

    The handle tends to be down sloping and volume decreases.

    When the handle begins to ascend and break thru its trend resistance line is the trigger point.Now that just happens to be around 24-24.5 cents.
    And again another confirmation at a slightly higher entry at the lip of the cup around 26-27.

    Target 40+ cents.



 
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