duplicate post for Hotfire
quizzing the cup and handle pattern....
No
the prerequisite is a continuation in a bullish trend
meaning it should be breaking into new highs (no overhead resistance)
check here:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle
However that is the optimum scenario
a less likely prospect though still quite possible is a double top (thats at the 59c resistance) breakout as with MEL
So after this retrace and the bottom of the handle is reached
another breakout above the cup has a target of 90
PS
I enjoy your posts. thanks
chart for hotfire
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $6.244M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.914K | 982.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 18557960 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17219 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.5¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.5¢ | 0.4¢ | 267219 | ||
| Last updated 15.19pm 13/06/2024 ? | |||||
| MEL (ASX) Chart |