Cup and Handle Earnings 8-31 AMCEarnings are 8-31 after market close.
Big break to the upside and was before earnings were released. Lots of green. There is a gap under price and a pocket pivot as well.
Pocket pivots are a way to identify institutions' footprints within a base or an uptrend. Institutions buy within consolidation periods and during uptrends. This buying will leave behind a volume signature, and that volume signature is called a pocket pivot. The definition of a Pocket Pivot is the day’s volume must be larger than any of the down volume days in the prior 10 days.
Pocket Pivots are described in a good book ‘Trade Like an O’Neil Disciple’ of Dr. Chris Kacher and Gil Morales.
Very bullish chart. I plan to watch.
No recommendation