Cup & handle structure. -The base retraced 50% from ATH, (WON said 40-50% during bear market) -Volume dry up in base -Handle buildup has low volatility -Handle around 50% of base with rejection lower base AVWAP -FA checked! Cons: -Price below MA50 during basing period (7 weeks) -Market may be upward or downward -Need a bit time before BO handle and retrace above MA20
Possible leader in technology Pro: - Low float between big tech stock (major reason harnlen, kym, cfm, annum can BO easily. Risk management for cut losses) -Above all MAs -BO woth volume -Low volume down days - Tight price action forming handle Con: -Price action volatile during downward and upward momentum -Growth stock season? -Too far from MAs. Handle need...
Nice cup and handle. Pros: - Volume & RS!!!! -Good fundamental -Above RBS -Possible new ATH -Price contraction building handle Cons: -Market very volatile but possible not so long downward -High volume down days -Analyst target RM2.00 Conclusion: Pilot buy/watch. Not too aggressive. Textbook CnH