HOHUP - what’s next breakout cup and handle pattern?
After breakout from cup and handle pattern, it will be testing immediate resistance 0.525. It will probably gap up in next few candle and consolidate in a flag towards neckline 0.480. Good entry is to wait for pullback around neckline area (confirmed by reversal candle).
MACD+RSI+MCDX still showing good momentum for continued breakout tomorrow, but we will let market to decide that.
Resistance 0.525, 0.555, 0.600
Support 0.480, 0.455
Speed: Fast with 156M shares float (38% of 412M shares)
Sentimen: Economic recovery, window dressing
TAYOR
MACD+RSI+MCDX still showing good momentum for continued breakout tomorrow, but we will let market to decide that.
Resistance 0.525, 0.555, 0.600
Support 0.480, 0.455
Speed: Fast with 156M shares float (38% of 412M shares)
Sentimen: Economic recovery, window dressing
TAYOR
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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.