Loading ...Beautiful Cup and Handle
One of the few small speculative stocks that I have followed for a while that’s not precious metals related, is in a beautiful cup and handle formation. Whenever this gets “quiet and tight”it usually is close to an upside breakout.
I’m not much of a chartist CM, but can a handle be that long to qualify for a C&H formation?
Steins, good question. The longer the handle the bigger the upside run. Someone on the tent posted recently about Silver being in a multiple year cup and handle. I actually posted about that last year on my blog “What The Chart Says”,that Silver had a 40 year cup and is now in the 9th year of the handle. One of the reasons I stated then and a few times since, that Silver is about to embark on the greatest bull market in financial history!
Appreciate it, thanks!
I’ve been watching that Silver Cup and Handle for a long time. My alias is Argentum Maximus! Let’s go Silver!