Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
EXETF | A | 5.4500 | 0.78 | 28,700 | 4.51 | |
CXH | B | 7.3300 | 0.41 | 54,400 | 3.57 | |
GBERY | A | 55.3050 | 1.03 | 6,000 | 2.33 | |
IEMXF | A | 56.3569 | 0.20 | 5,726 | 2.25 | |
ISVQF | C | 5.4366 | -0.17 | 587,106 | 2.11 | |
DCP | A | 41.5800 | 0.00 | 1,251,862 | 1.89 | |
SAPIF | A | 26.0700 | 0.31 | 3,100 | 1.88 | |
ASHTF | A | 65.5700 | 0.00 | 2,700 | 1.41 | |
LTSA | C | 13.5100 | -2.10 | 2,600 | 1.36 | |
CRH | A | 49.5300 | 1.96 | 818,000 | 1.29 | |
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