Thursday, June 2, 2016

Trading Stock using Cup and Handle Pattern with High Probability

Cup and Handle

What is a 'Cup and Handle'

A pattern on candlestick chart resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume - Investopedia

Did you notice that the recent 25% rally of Thaibev can be clearly identified by this pattern?

What about SIA engg, does this look like a similar pattern? I notice that SIA engg also have his first golden cross after falling for 2 years, is it time for this counter to recover?

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