Stock market cup and handle
Nightly video Strategy Sessions with a game plan for tomorrow; Got a stock you want Dan to look at? Just ask. Receive video analyis of stocks as they make key moves throughout the day Stock Screen: This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%. Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. A cup retracement of 62% may not fit the pattern requirements, but a particular stock's pattern may still capture the essence of the Cup with Handle.