DNR Long - Cup n Handle
Both A and B plays require volume to wane as price declines
Plan A - Play the handle tail into retest.
Plan B - Play the fully formed Cup n Handle validated retest
Buy at A is if price begins to rest at 3.60 and volume remains low. Look to sell at B or for a 15-20% swing up.
Buy at B if high volume breakout of resistance. Hold time period is 6 months+ at this stage.
Plan A - Play the handle tail into retest.
Plan B - Play the fully formed Cup n Handle validated retest
Buy at A is if price begins to rest at 3.60 and volume remains low. Look to sell at B or for a 15-20% swing up.
Buy at B if high volume breakout of resistance. Hold time period is 6 months+ at this stage.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.