Cup and handle forming?16 Nov 2023 11:04
Not much of a chartist, but I think a cup and handle is forming on the daily chart.
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks. The buy point occurs when the stock breaks out or moves upward through the old point of resistance (right side of the cup). This breakout should occur with increased volume.