HI gfm and valen, problem is that looking for cups and handles,...

HI gfm and valen, problem is that looking for cups and handles, things are usually never perfect. IMO this one is a case in point. The logic behind c&h's is that they are consolidation patterns and better if the chart has already shown some advancement/uptrend, ie, c&h at at a higher level consol. The other issue is that when the handle forms the last sellers are getting out so there should be no overhead resistance and its a bit hard to ignore that dominant up candle on the 4/01/16. That's a fairly recent resistance zone for now.

That's just my simple interpretation of the reading of cup and handle patterns and not really a comment on that particular stock.