A few issues with the C&H scenario, the main ones being its duration is too long AND
It's supposed to be a bullish pattern that forms after an UPTREND.
The context is crucial, just as a downward sloping bull flag is only bullish because of the strong uptrend preceding it.
Also, the bottom isn't particularly rounded and the pullback is too deep.
But I actually came in a few months ago in spite of the TA, based on valuation and potential...
Cup and Handle Chart Pattern, page-210
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MSB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.11 |
Change
0.055(5.24%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.13 | $1.04 | $6.781M | 6.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43856 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 66000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |