Cup and HandleSeems to be hanging in there.
R appears to be at 68.45ish. Possible S at 65ish at small gap close to handle low.. then at 57.5ish
C&H patterns valid only at long entry level. Some would rather trade closer to Support (S)
Bollinger bands are contracting so seems it will bust a move either up or down very soon. If it falls below 65, I would play it safe
The trend is your friend until it is not
Not a recommendation
0QZ5 trade ideas
Cup and Handled/Has morphed (o:Earnings are in October
This one has morphed quite a bit and is not a typical Cup and Handle
But nothing is typical
Cup low is 31.47
Mid Cup is 55.5 ish
I may consider my stop under 55 if i wanted to hang on to this. If not, put it under the handle low. I do not like suggesting stops as I use them rarely. I use them when I see I am in trouble. Not a practice I preach though..nor do i recommend it...
Mr Market has burned me on stops one too many times. He came very, very close to getting me on AMD. I do not like having to worry with that. If I do not trust my decision to get in...then I need to get out. And there is nothing wrong with getting out. If I am going to place such a loose stop that mr market can't find it, I figure what is the point of placing it? When i see my losses piling up, I stop myself out. Sometimes I stop myself to stay in by accident and stop never hits. I am not huge on stops..but I know this is not a good practice. The whole thing is a gamble sometimes. We do the best we can
The market has been volatile. This particular stock is not super volatile as a rule..but....
Possible Targets 2 are 90.5 to 96. For this same reason of never knowing what we will get handed day to day, I did not post targets 2 on the chart
We adjust. Sometimes traders have to deal with the hand they have been dealt
I like this stock, but Not a recommendation
COGNIZANT TECHNOLOGY SOLUTION CORP OfferHey guys, COGNIZANT TECHNOLOGY SOLUTION CORP gives a false bearish signal, strong sales volume in the last session's trade. You can either go down on the last precedent lower or go up breakout the comfort zone. In any case the zone is broken if the buyers are there, at the moment a great potential to go to the top of the zone and see maybe break it if their cash is at a good price.
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CTSH - DAILY CHARTHi, today we are going to talk about CTSH and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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CTSH - Back to top!EN: Another pushed Friday, the stock seems to reach my target of $70. The lower trend line of his short term trend resists well!
FR: Un autre poussé vendredi, le stock semble bien vouloir atteindre ma cible de 70$. Sa ligne de tendance inférieure de sa tendance court terme résiste bien!