I thought cup and handle had already closed out and this is potentially another pattern? I don't know anything about TA though.
But from the charts, I thought the top of the cup formed around mid/end of February, then the handle formed / breakout from there through until mid July; where accumulation has been happening from that point?
Just doesn't look like a cup and handle from the images you supplied is all.
RAC - Charts & Price Action, page-1473
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Last
$1.87 |
Change
-0.025(1.32%) |
Mkt cap ! $317.5M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.02 | $1.85 | $1.189M | 605.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 30 | 1 |
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$1.86 |
Change
-0.025 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| $1.97 | $2.04 | $1.86 | 48029 | ||
| Last updated 15.57pm 13/06/2024 ? | |||||
| RAC (ASX) Chart |