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Cupnhandle

INMD - potential Cup & HandleINMD seem to be a great study on chart patterns and fibonacci retracements! :) The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB). It then lost momentum and started a steep pull back, finding support only around 61.8% fib retracement of the recent upswing AB. This steep retracement and subsequent action is beginning to shape into a potential Cup & Handle pattern (a pattern which is a lengthy "pause/consolidation" in a prior uptrend). With earnings round the corner (expected on 3 Nov), will it be the catalyst that propel the stock to successfully break up from this C&H formation? If and when it does, we will have a golden cross (20day MA crossing above 50day MA) as well. Nothing is guaranteed so we can only wait and see! LOL. Earnings can swing both ways although the strong volume accumulation on 13 Oct seem to suggest expectations are to the upside. If and when the stock breaks up, then it further consolidates the stock's recovery is well underway (even if it might still be volatile). Long @ breakup or at first initial pullback towards C&H neckline Initial stop loss with be at most recent pivot low (C&H's "handle's" low) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:INMDLong
by Juliac
2
#3 Bullish Pattern: Cup and HandleRanked at #3 in the Bullish Pattern series is the Cup and Handle Pattern. Cup and handle pattern typically takes many months to form but the pattern is unmistakable similar to a cup with a handle. The pattern begins with a sell off with volume, tapering off and remaining flat before volume picks up and forms the right side of the cup. There are 2 types of Cup and Handles. U shaped -A longer, flatter bottoms provide stronger signal. V shaped - V quickly recovers, should be avoided. Handles decline can be up to 1/3 of the cups right side with traditional handle performing a test at the 50% retracement level. The price target is calculated using the bottom of the cup and the handles breakout. In the case of CHWY, the breakout to the price target is nearly complete (may already be in at 52). The next bullish pattern is #4 The Bull Flag
NYSE:CHWYLong
by SPYvsGME
7
Deeper Network DPR Cup & HandleDeeper Network DPR Crypto Bullish Cup & Handle fulfilled. Websites: www.deeper.network (DPR Main Equipment Website) dpr.deeper.network (Mining Rewards after Staking) www.deeperscan.io (DPR Wallet Lookup) apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info) www.youtube.com (DPR Videos) www.fbi.gov (FBI VPN Video) parachains.info (Deeper Chain Polkadot Parachain Pending) apps.deeper.network (Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z ) -Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now) - Deeper Chain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA) - 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU - Burn Wallet: There has not been a routine burn setup yet promised by Deeper to fight inflation. The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the validator Transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days or so until they slowed it down to every 24 Days thru the Treasury Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community. - Polkadot Parachain for Deeper Chain – not yet (Verified by Polkadot Support) 10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); 4 Billion DPR Belong to Deeper & Investors Warning: Possible Token Crash Starting in September 2022 thru the next 8 months Company Info: Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency, filed on March 8, 2019 Entity number 100333 Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN, Entity 201816910575 6/14/2018, EIN Tax ID# 841835438 Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown. (A Few people have come and gone from the head ranks, not sure if currently accurate) Chief Executive Officer: Hui (Russell) Liu; San Jose, California Chief Technology Officer: Hui Liu/Chao Ma Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada Corporate Officer: Adam Wolfe Lei Chang; Saratoga, California Chief Marketing Officer: Eric Ma (Thailand) Chief Branding Officer: Yinan S. Software Developer: Arturo Jimenez Product manager: Kain Xu
by C-J_
1