Cup formation
Updated
This is how a classic cup forms....where the cup/candlesticks dip ( semicircle) the volumes reduce drastically and at the edges there is bloating of volume...the handle has NOT formed yet...and we either wait or follow the curve up..especially if the stock moves up with good volumes...let's wait and see how it develops...this is purely for educational purposes...there is a very good book on chart patterns which one should read - William Jiler How to trade chart patterns. Check it out at Amazon.
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it has moved up 7% today...targets - 91, 107...it almost reached 91 before pulling back
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Sadhbav formed a handle and started moving up...12% up today...91. Target 1 completeNote
This idea is no linger tenable. Please discard
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