CUP
Potential Cup and Handle on LTCThe 20 week and 50 week moving averages are 2 weeks away from either crossing over or being rejected by each other,
We can see a classic cup and handle pattern occurs if this week's close is above our yellow line or $164
If we do get a bounce off the $164 price level, I see prices going to our next resistance area $200 - $220
I'll update this post in the coming weeks and as well as any updates if we break below $164
FIL OutlookI missed a huge run a few months ago and have learned from my mistakes. Long term down pressure seemingly snapped, expecting some more selling pressure before the bullish buying takes over breaking into a large cup & handle that should bring us back to ATH in fall/winter 2021. COINBASE:FILUSD
Bullish Stock TIRUMALCHEM looks good on the chart. With a RSI below 40, and a complete cup formation, the stock can reach upto the levels of 238-240 and give good returns in the short run. Also the stock has the potential to fly more in the long run. It could break the resistance of more than three years (around 240), and go above. The financials of the company is too good. With its peg ratio below 1, decreasing debt and borrowings, increasing sales and investments even in the middle of pandemic, the company gives close to nil red flags.
Cup & Handle Pattern is a sign of Bullish trendRecently RUNE has suffered a severe attack and then the price was in a dip, but after recovering from the incident we can see in the chart cup and handle pattern is made which is a bullish sign and if the BTC shows stability then the upward trend is waiting!
Geely Auto Cup and Handle Strong Buy ENG/DEIf Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD
Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible.
The Geely Holdings has a joint venture with Daimler
DE
Wenn Geely Auto in der nächsten Woche über 29.65HKD schließt, wäre die Tasse mit Henkel abgeschlossen und hätte Kurzfristige bis mittelfristige ein Kursziele von 38.45 / 44.80 / 49.30 / 57.90 HKD
Übergeordnet wäre Langfristig (1-5 Jahre) ein Kursanstieg von bis zu 581.90HKD bis 1493.90HKD möglich.
Die Geely Holdings hat ein Joint Ventures mit Daimler
Front possible cup...FRONT made the double bottom and started moving upside, looks like it's forming the cup... Could be interesting...
Buy Waterbase above 129Waterbase Ltd. given a cup & handle breakout and will be on the move once it crosses 131. If it sustains above 129 and supported by volumes, it will go up to the levels of 150.
Roku very bullish cup and handle!Hi Traders!
It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed.
On top of that other technicals tell us:
- Price is supported by 50MA support.
- Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish.
- RSI is 47, this level has worked as support in the past lets see if this happens again!
- ADX on the hourly shows us that the short term downward trend is already weakening.
Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns.
Our trade plan:
Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid.
Disclaimer: This is not financial advice and for education all purposes only.