RGLS Cup and Handle
Updated
Started buying in the handle, I feel breakout will happen next week. Price target on pattern 3.61.
Overall price target is 5.00. There is bull flag forming on the handle.
Overall price target is 5.00. There is bull flag forming on the handle.
Trade active
Still bullish, cup and handle might still be in play for the daily just not lower time frames. Looking at the chart from the daily you could tell a bigger dip was coming thats why I called the first buy zone a early buy zone.
The bottom key zone barley held looks to be recovering but still needs monitoring.
Volume support is in the 1.40 - 1.50 range.
Going to take a little longer for catalyst to push this stock higher.
Expecting update early Q2.
For the trade I have been cost averaging down with the dip.
This is why you scale in and out!
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