Cup and Handle ABC Bullish Patterns over PatternsShort interest is low on this one/NV and OBV are high
You may calculate long entry level on the ABC differently than I did so your targets would be different as well
Some may place A at the prior handle low, which would increase your targets because the AB leg would be longer
I was gonna use 136, but saw resistance in the ABC pattern at that level so made it higher/your call may be different. If you did use 136 and an uptrend starts there, you would deduct 3 dollars from each target
A clear uptrend is needed and I do not see that yet.
If a clear uptrend does develop earlier, then long entry level could be a bit lower, but it is sometimes hard to pinpoint before it happens
ABC patterns have a long entry when price breaks the BC leg in an uptrend
ABC patterns are considered a harmonic pattern
Nice because C gives you a stop. If price goes more than a tad under C, the pattern is invalidated, but the stop will save you
Some enter at C but is not truly correct. (I do sometimes though..lol)
Stop goes below C
There is also a cup an handle pattern in this chart
There are now rising wedges in the yearly chart
Patterns can fail, but can be used as a guide. Technical analysis is not an exact science for sure!
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10x Genomics, Inc., a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in North America, Europe, the Middle East, Africa, China, and the Asia Pacific. Its company offers chromium instruments, enzymes, microfluidic chips, slides, reagents, and other consumable products. The company's single cell solution runs on its chromium instruments, which include single cell gene expression for measuring gene activity on a cell-by-cell basis; single cell immune profiling for measuring the activity of immune cells and their targets; single cell ATAC for measuring epigenetics, including the physical organization of DNA; single cell CNV for measuring cellular heterogeneity through DNA changes, such as copy number variation; and visium spatial gene expression solution that measures the spatial gene expression patterns across a tissue sample. It serves various academic, government, biopharmaceutical, biotechnology, and other institutions. The company was formerly known as 10X Technologies, Inc. and changed its name to 10X Genomics, Inc. in November 2014. 10x Genomics, Inc. was founded in 2012 and is headquartered in Pleasanton, California.
