Cup with handle in formation
Cup base duration (3-Jan to 8 Apr) - 17 weeks
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)
Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.
Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)
Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.
Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
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