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Posted a while ago about a cup and handle formation. I looks to...

  1. zdog13
    745 Posts.
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    08/12/20
    09:29
    Post #: 49411298
    Posted a while ago about a cup and handle formation. I looks to have formed and there now may be a breakout associated with it. How it ends today will be interesting. We will want today’s action to hold (rather than retrace) with some decent volume. If the rally continues the price target would be the depth of the cup from its height (77-62 = 15). The minimum price target would be 77+15=92c - I would expect some support around that level.

    A retrace to back test the support at 77c is possible but that would be a breakdown of the c&h breakout.

    any positive news this weeks could also supercharge the breakout IMO.
    Price at posting: 88.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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