OTCPK:NGMBF - Post by User
Comment by
palladnon Nov 29, 2005 9:47pm
201 Views
Post# 9937191
RE: Cup w/ Handle
RE: Cup w/ Handle"The smaller the retracement is, the more bullish the formation and significant the breakout."
Yes.
The right side of the C&H was clearly 'aborted' UP early on all the news of new properties being signed so there wasnt the 'perfect' 'washout' of stockholders who grew tired of holding as news of the new props made them confident management was on the ball! Thus the smaller C&H within the larger C&H (actually looks like a 'mini' C&H in the smaller one's 'handle'
and now the BIG one is or is working on breaking out.
Excellent.
See Walt's post from late last week for the example chart.