Tuesday, May 28, 2013

The Cup & Handle pattern

I just returned from the Caribbean and after spending 7 days and nights on a sailboat – I am still a little land sick

They say a picture is worth a thousand words so I will let the chart do the taking

According to Stockcharts.com - the Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.

OK – enjoy the picture

No comments: