Wednesday, September 18, 2013

Charts - 1 of n



The above chart has a cup formation on 17 and a handle formed on 18, followed by the stock moving upwards. The handle on 18 also consists of a smaller and flatter cup and a handle. The consolidation from 10.30 to 11.30 on the 18th is a buy signal.

Tutorial on Cup & handle:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

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