GREY:CLLZF - Post by User
Comment by
Wellsitteron Feb 19, 2010 1:30pm
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Post# 16800570
RE: Cup and Handle - technical pattern
RE: Cup and Handle - technical patternThe cup & handle has completed flawlessly. As you said, the one year chart clearly shows the cup and this is what i pointed-out a few weeks back. The ideal handle would be a slight pull-back, trending slightly downward. The "perfect" handle would be a symmetrical triangle which we don't have but it is a consolidation and a break-out will indicate the continuation of the up-leg. I'll even go out on a limb and state here and now that the major up-surge will happen Monday taking the price toward $3.35 as indicated by the cup & handle formation..