HWC - LongThis is a weekly candlestick chart of Hancock Whitney Corporation (HWC) listed on NASDAQ. The chart is showing a Cup and Handle pattern, which is a bullish continuation pattern often seen before an upward breakout. Let’s break it down step by step:
🔎 Pattern Analysis
Cup Formation (Left Side to April 2025)
The chart formed a large round bottom (cup), which reflects a gradual decline followed by a steady recovery. This signals accumulation by smart money (big investors quietly buying at lower levels).
Handle Formation (June–August 2025)
After the cup, prices consolidated slightly downward and sideways, forming the handle.
This is the last stage before a breakout, essentially a "pause" before buyers take full control.
Breakout Zone (63 level): The neckline (or breakout level) is around $63. Price has just broken above this neckline, confirming the bullish pattern.
🎯 Price Target Projection
The height of the cup is around $18.43 (41.73%). Adding this to the breakout point ($63) gives a target of around $81. This is marked on the chart as the Target zone.
📉 Stop Loss (Risk Management)
The suggested Stop Loss (SL) is set at $56.94. If prices fall below this, the bullish setup would be invalid, so risk needs to be controlled.
🔔 Key Takeaways for Members
✅ A bullish Cup and Handle breakout is visible.
✅ Breakout confirmed above $63.
🎯 Upside Target: $81
📉 Stop Loss: $56.94
⏳ This is a weekly timeframe, so it may take weeks/months for the target to be achieved. Patience is key.
⚠️ Disclaimer: This explanation is only for educational purposes, not financial advice. Always do your own research and manage risk before making trading decisions.
