CUP & HANDLEEarnings estimated 7-27 AMC. R=Resistance
Price has tried to break long entry level which is a slight bit above the left or sell side of the cup.
Recent ATH but pulled back in a short amount of time without truly breaking out which is known as a Throwback.
Price must break EL with an uptrend.
If T1 is met and price continues up, one would look to T2. Then if T2 is passed, T3 could be a possible goal and so on. A long the way, folks need to look for sell signals be it moving averages, overbought status, horrible candles like shooting stars or whatever sell signal one uses.
Some would just tighten their stop to a very tight stop to avoid losing their gains but not miss further upward movement as, unfortunately, there is no foolproof way to know what will happen.
No recommendation
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
