Upside down Cup & Handle has been brewing since November. Recently broke out of its handle. Target $127. I'm labeling this short, although I'm not shorting this company. I use these patterns to identify future buy zones. However, we're inside of a clear bear flag right now so I thought it worth sharing.
Note
Coke is doing the same thing: 
Note
Let's see if we can get a nice hard bounce off $127. Poor value stocks are getting washed out against the massive gains in growth. But I would not be upset if I could buy this and coke and some other deep value stocks at 30% discounts.Note
Really nice bounce off $128.50. Broader market looks ripe for a mini-sell off. Use this opportunity to buy when this puppy tanks to my target ($127). I'm not saying that's the lowest low. I am saying that the probability of you getting a lower price is fairly remote on a daily chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.