PLTR cup and handle bigger than expected?!at first i was confused as to why the breakout of the cup and handle wasn't as fast as it was projected to be. Then i realized that the consolidation could've been pointing to the cup and handle on PLTR being bigger than expected. I waited about a week and sure enough, we see a handle being formed. By all means, it needs at the minimum a week but because of the size of the cup it should take about 2 weeks, maybe 3. Anyways, the lowest it can go is about 23.50 but ideally it should stay above 24.75. We all know its hard to establish supports and resistances on cup and handles, so when you should take positions is up to you. Anyways, this is my second analysis on this website so criticism is by all means appreciated. Have a good one guys!
Handle
$SITE: Cup and Handle, Homebuilder ProxyXHB trying to make a strong push today and SITE has shown some recent strength against the index as well. Could we see more from this landscaping company?
Cup and handle bullish #neoExactly the there is 1/3 of cup size handle. Need wait for at least 1 month. N3 phase gonna be awesome for neo
Gigantic Cup N Handle on the weeklyDrawing tells everything.
HODL or get rekt.
XLM gonna pamp before the end of this year IMO.
Not financial advice.
$ABNB - Major Buy Zone! -4 HR Timeframe
-Inverse Cup and Handle
-MACD = above signal
-RSI = Sexy af and room to run
-Price targets labeled
-Set S/L (stop loss) at $119.61
Calls:
$145c 8/6 (3.00)
$148c 8/6 (2.00)
$155c 8/6 (0.69)
Buy Waterbase above 129Waterbase Ltd. given a cup & handle breakout and will be on the move once it crosses 131. If it sustains above 129 and supported by volumes, it will go up to the levels of 150.
Roku very bullish cup and handle!Hi Traders!
It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed.
On top of that other technicals tell us:
- Price is supported by 50MA support.
- Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish.
- RSI is 47, this level has worked as support in the past lets see if this happens again!
- ADX on the hourly shows us that the short term downward trend is already weakening.
Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns.
Our trade plan:
Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid.
Disclaimer: This is not financial advice and for education all purposes only.
Cup and Handle of TejasNet WorkTejas Net is forming BIG cup, after SMALL Cup & Handle. Fundamentals of firm are improving, as execution of orders continuing.
SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World.
The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak.
Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance.
Resistance is broken and away it goes!
Are there any other TA that could be used in this situation?
HMBL - Cup and Handle BullishThis stock has a alot volume, it currently developed the handle. Cup and Handle is a powerful chart. Lets see where it goes. I bet It will work and alot profit to be seen,
EXPRHeres how I entered my long position in $EXPR:
On the daily chart, you can clearly notice the cup formation.
Once I felt the handle had formed after some consolidation and testing support levels, I entered into a long call position off the support bounce from $4.5 setting my strike price for $5 (.30 cent per contract)
EXPR didn't fail me once over the week, every prior day high that was broken, I increased my position size, bought a few more contracts and extending the expiration date to 7/9 and 7/23 along with increasing my strike level to $6
After confirmation on the breakout through resistance levels, I exited the trade selling at $1.20 per contract.
*this is not financial advice*
XOM is going to XOOM (along with the entire sector)Oil plays are set up right now. Beautiful cup and handles. Bounces off the trendline and just launched off the 20 SMA. Lot's of resistance ahead, watch for a volume spike to get through. Give it some time. (3 months). Oil go Xoom.
Cup & Handle, hourlyNice cup and handle formed in hourly chart here, and traveling is repopening, so I think it is bullish for ABNB
AMD POSITION TRADEConsolidation done and looking ready to break pattern resistance. Tailwinds driven by Tesla and EV adoption, growing Data Center demand, growth in gaming and increased Bitcoin adoption.
XOM Cup & HandleAs seen in the chart looks like XOM is setting up for a nice run-up based on cup and handle and not breaking support lines. Looking for this to pop next week or two. Also, like how MFI is showing oversold and looks like MACD is starting to converge; possibly setting up for crossover.
a cup of tea miss money penny?saw @secondtonumb8 idea, digged in and found a smaller cup and handle.
courrently running in a channel built from 2015(res) 2018(sup)
the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area.
look at @secondtonumb8 idea for a longer term perspective
Gold Cup&handle (most likely aggressive bull) Beautiful cup and handle formation on gold today. if 1800 broken, possibly explosive rally to upside
Is Silver completing a cup and handle formation?Looks like silver is finishing his cup and handle formation soon, a quick bounce up should be imminent as soon as price breaks out of the handle.
Nasdaq: ?Hi Guys,
it could be a flag or a descending triangle. The handle may hold depending on the pattern.
Be good!😉
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
