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Cup And Handle

The cup and handle formation XRPUSDTHow Did the Cup and Handle Pattern Form? The cup and handle formation appears when there has been an upward movement pattern. This is a bullish upward continued pattern. The trend is confirmed as cup and handle formation only when the stock price surpasses the resistance level and shows an upward movement. Only then can a trader get a confirmation that the higher price stock movement is going to sustain. When a stock begins to move upwards and shows a bullish pattern, traders continue to invest in the stock’s growth and positive trend. As the stock breaches high levels, investors who came in at the beginning of the uptrend start booking profits. At this level, the upward trend halts, and the price falls with selling pressure. At this stage, the cup formation curves downwards in a bowl shape. As traders and investors continue to book profits, the cup moves lower, indicating a temporary downward cup. At these levels, savvy investors, traders, and institutions begin to pump funds into the stock at attractive levels due to the fundamentals of the stock or value buying. At these low price levels, buying comes in, and with buying pressure, the cup curvature starts moving up to reach the resistance line. At this stage, an entire curved bowl-shaped cup is seen. The handle emerging here is interesting to note and indicates human psychology. The trader who had invested at the peak of the resistance line before the stock dipped is eager to take his capital back as the stock moves up. Moment stock touches the resistance level, and this trader sells. Also, the traders who started buying at the bottom of the cup look at the resistance point as a safety level to book profits. There is selling pressure at resistance levels, and the upward cup shape is halted. The volume of stocks also identifies the cup and handle at the beginning of formation at the end of the cup curve. The volume of shares is low at the end of cup formation as the selling is not heavy here. The investors who bought at the previous resistance level their capital and sell. Short-term traders without a fundamental view sell at the seeming peak of the stock. The institutions and experienced investors hold on to the stock bout at cup bottom. The selling volumes are low and don’t push the stock price down. The buying also continues, and if large volumes of buying hold, the stock breaks the resistance level, and upward trends emerge, making a handle pattern.
Long
by MantasJogminas
2
Daktronics: An OK Stock...Fundamentals : Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered from a net loss. It is similar to LINK. Its sales have been over 30% q/q and y/y. Earnings are through the roof too. Their operations were affected in Shanghai by covid....and they recently overcame some supply chain distributions. It was around $2 Q1 2023. The price is still under $20, which is too cheap in my book. However, I like their recovery story. :) Technicals : Price is breaking out of a daily cup-w-handle patterns with growing volume. Price is less than 15% off the highs from 2017. Trade Plan: Add a small position next week Target is 16 and 40.
NASDAQ:DAKTLong
by Rocketman
2
⛏️ Compañía de Minas Buenaventura (BVN): Paving the Way for GrowCompañía de Minas Buenaventura (BVN:NYSE), a prominent mining company operating in Peru, has achieved a significant milestone with the approval of the Yumpag project's Environmental Impact Assessment (EIA) on September 7, 2023. This approval paved the way for Buenaventura to proceed with the exploitation of the deposit, marking a crucial step towards development and potential future revenue streams. Key Financial Highlights (as of September 30, 2023): Debt Management Success: BVN showcased robust debt management, achieving a net debt reduction to $493.7 million. The average debt maturity of 2.7 years indicates a well-managed financial strategy. Strong Cash Position: The company's cash position remained robust, bolstered by a $20 million increase in free cash flow in Q3 2023. This positive financial performance was attributed to the successful operations of El Brocal and dividends from Cerro Verde. Investment Outlook: With these positive indicators, the bullish sentiment on BVN is maintained. An entry target is set above $7.50-$7.70, reflecting confidence in Buenaventura's growth prospects. The upside target is ambitiously placed at $11.50-$12.00, anticipating further positive developments and success in the exploitation of the Yumpag project.
NYSE:BVNLong
by Richtv_official
SP500 index. Secondary trend. Bowl. Resistance zone. 07 2023Logarithm. Time interval - 1 week. A driver and indicator of the "health" of the U.S. stock market. The chart shows the secondary trend. Local trend. The reversal zone. From the reversal zone from the breakdown of the 4004 level, the price is moving in an ascending channel, has reached almost its historical highs of the previous trend. Now we are in the resistance zone under the level of 4630. The price has formed a large ascending wedge in the channel. A significant pullback is possible (working off the targets of the rising wedge, i.e. falling into the range of the rising channel to begin with), perhaps not immediately, but there is still a small potential. Also possible is consolidation under the 4630 resistance as its centerpiece for an extended period of time, then depending on the political plans, an upside breakout and excitement or, conversely, a significant pullback. It is likely that some political "bullshit" news will "tweak" the chart. It is important that a large bowl has formed on the secondary trend. It is clearly visible on the line chart. Therefore, when pulling back from its resistance to continue the trend (so as not to scare investors with overbought), the formation of a bowl with a handle is quite appropriate. The main trend of this index. Over 100 years. SP500 index. The entire trend. Anniversary of 100 years The graph is linear for clarity. Note where the index price is now in the main trend. The economies, markets and influence of the world's two hegemons, the US and China. It is important to realize that at the moment, because of the current political and economic situation in the world, the worse it is for China, the better it is for the USA and vice versa. These are the main two world players, the rest are their satellites, both explicit and hidden. It is also necessary to realize that behind these two super states are other supranational structures whose goals coincide, but their methods are not quite the same. It is quite possible that in the fall we will see a lot of problems in China, which may negatively affect its economy, which may affect the world as a whole. Negative correlation between SP500 and BTC I would like to emphasize the complete non-correlation of the cryptocurrency market driver BTC with the given stock market driver—the S&P 500 index. At the moment, the correlation index of these two assets is 3%. It has reached its minimum values for the last 2 years. I would like to remind that at the beginning of the year (before this local growth of the index) this index was about 70%. What does it mean? There is an overflow of money of big capital. Then it will be the other way around. Use it. Do not “lose” your bitcoins on “snot”.
VANTAGE:SP500
by SpartaBTC
34
Weekly Cup and handle on SUPERThis is a weekly view of my previous SUPER chart. I redrew the fibs from the entire chart history which really shows you far we have to go, we havent even reached the first fib level. The red line is the first fib ~ 60 cents. The token has finally retaken the 100 ema. RSI is on a major weekly uptrend as the ecosystem comes to fruition. If you look way back to the weekly inflection point with the large red and green candle bodies, there really is no major price action until that point (87 cents). A lot of crypto charts look like this with massive weeks of downtrends with little to no supportive or resisting structures. I have held super since inception and have slowly added little bits averaging down. My trading entry is marked in the dotted green. I am clearly long here.
Long
by Apollo_21mil
Specific Pattern As we can clearly see in the time frame of 1 Day, the market is going to complete a pattern called Cup & Handle which gives a sign that the market will be BULLISH. If the market breaks the resistance level then we can expect a bullish rally up to 72500 pips. The Cup & Handle pattern is a bullish continuation pattern that may indicate a potential upward trend if certain conditions are met. However, it's crucial to consider other factors such as economic indicators, geopolitical events, and overall market sentiment.⚠️
OANDA:US30USDLong
by the_anonymous_reactor007
VZ weekly cup and handle forms VZ is my largest single holding for the long-term account for a variety of reasons that I have slowly discussed through these charts over the months. This uptrend has provided some multiple expansion alongside the ~8% dividend which heavily outperforms money market currently. The emas are starting to curl upward alongside a rising weekly RSI. The dashed green is where the handle would finish forming in my opinion assuming the stock even decides to drop. I believe value stocks are going to be the performers in the coming months. The level is right above a fib level as additional support. I think we grind to the golden .5 fib level in the coming months with a 42$ target by spring.
NYSE:VZLong
by Apollo_21mil
🚀 BNB's Liquidity Power: Breaking Through Heights! 💰Binance Coin (BNB) is gearing up for a spectacular ascent, fueled not just by its technical strength but a reservoir of liquidity waiting to be unlocked. The recent legal resolution in the U.S. is adding another layer of intrigue to BNB's narrative. Let's delve into the liquidity dynamics and the implications of the legal verdict on BNB's trajectory. Chart Analysis: BNB's Liquidity Bonanza BNB has amassed a remarkable pool of liquidity, especially notable above the $350 mark. The charts reveal a tantalizing scenario where breaching this level could pave the way for a smooth ascent to $700. The layers of liquidity provide both challenges and opportunities for traders navigating BNB's vibrant landscape. Legal Twist: Binance's Verdict Impact In a recent legal development, Binance received a verdict in the U.S. legal proceedings, necessitating a hefty payout of $4 billion. Surprisingly, rather than dampening spirits, this news seems to have injected a bullish fervor into BNB. Markets interpret the resolution as a step toward regulatory clarity, removing a lingering uncertainty. Trading Strategy: Unveiling BNB's Potential Surge For traders eyeing BNB, the $350 level is the initial battleground, where the liquid battleground awaits. A successful breach opens the gateway to explore the uncharted territories around $700. The legal resolution, despite the hefty payout, is seen by many as a positive step, potentially clearing regulatory fog for BNB. Conclusion: BNB's Dual Catalysts BNB, armed with both technical strength and a wealth of liquidity, is standing at a crossroads. The $350 level, laden with liquidity, serves as a key test for the bulls. Simultaneously, the legal resolution, though costly, could pave the way for increased institutional confidence, potentially catalyzing BNB's upward trajectory. 📈 BNB Analysis | 💰 Liquidity Layers | ⚖️ Legal Verdict Catalyst ❗See related ideas below❗ Are you ready to ride the liquidity wave with BNB? Share your insights and strategies ! 💚🚀💚
Long
by Yaroslav_Krasko