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CUP

ONT looks good in day graph as other long term charts.If you look to the chart of 1W and 1M you will see a massive desirous CUP. I've been waiting for long times to see ONT's breakout. It seems like it has broke the resistance level and keep moving on the upside of bollinger bands. If market keeps going like that, ONT may go higher and higher. It may finish the CUP formation before we wait. But as I said you should know how risky market is. If dominance and total2 charts does not move as we want, then we have to stay away. This is not a financial advice and please DYOR carefully. I will be very appreciated if you leave a comment.
Long
by konigrate
1
BAH a tailwind into a Cup and Handle With recent cyber security hacks plaguing the US online infrastructure, a company like $BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read was primarily that a good Cup and Handle starts with a 30% "Bump and run" as seen in the blue highlighted box. The book stated a U shape cup with a 5-30% rounded bottom is ideal, like that in the highlighted red box. For a proper Cup and Handle (40% potential rise after the handle) I would need to see the right lip get near (lower is better) the price of the left lip. Followed by a rather dramatic handle formation during the following two weeks.
NYSE:BAHLong
by AndreGallardo