Australia's largest stock trading and investment forum Australia's #1 stock forum

GO2

Click for more information

0.00%

67.2¢ the go2 people ltd

Tomorrow’s Thoughts?, page-59

First 59 Last

Share
Profile

Follow
bossivic

32,754 Posts.

1380

14/05/20

02:59

Post #: 44607856
Share
Originally posted by debono: ↑

thanks mate. I never quite understood the reasoning behind cup and handle in relation to buyers vs sellers.

I just found this and it seemed to fit but I guess you can find patterns in clouds if you look hard enough. Price and volume action is what I like. Plus it is great when you post who is the buyers ie insto's or retail.

It is worth considering the following when detecting cup and handle patterns:

Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.

Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.

Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.

Expand

you could make a case for it

I just see the bull flag as more straightforward

either way

she is setting up beautifully
GO2 Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

There are more pages in this discussion • 38 more messages in this thread...

First 59 Last

Add GO2 (ASX) to my watchlist