Bega - a long cup & handle formation
2 1/2 years to have formed this pattern. looking to breakout to the upside, after a minor pull back to trend support.
Easy move here with 5-6% risk.
Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top.
potential 15-50% move depending on your TP targets and term length.
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*- Slow mover
- Potential fake out and heavy resistance above 6.40
- Best entry required for good R:R (as of writing its around 2.5/3.5)
Easy move here with 5-6% risk.
Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top.
potential 15-50% move depending on your TP targets and term length.
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*Multiple Bull Divs
*2 1/2 Cup formation.
*Currently in handle
*Strong company growth and earnings beats.
*Recent acquisition of Lion group.
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*- Slow mover
- Potential fake out and heavy resistance above 6.40
- Best entry required for good R:R (as of writing its around 2.5/3.5)
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