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CUP

AIT - Buy the dipsAIT first gapped strongly of a long term sideway consolidatin on 11 Aug (earnngs beat) but soon gave back all the gains as it started another round of consolidation (this time forming a rounded bottom). It is not uncommon to see "false/failed breakup" especially during periods of uncertainties in overall market. What is important is to note the "relative strength" of the stock in comparison to the index. The cup consolidation was forming with a higher low (on weekly) while S&P500 was making new lows, not to mention that AIT is also well above it's 200day Moving Average, showing good relative strength to the market. AIT finally broke out of a cup consolidation last Friday, probably in anticipation of earnings that is expected out on 3 Nov. There is a chance that the stock could continue to go higher with it's new support @140, or, it could once again attempt another smaller pullback, this time to form the "handle" of the cup that was formed. I would put initial stop loss just below 136. Let's see what happens. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:AITLong
by Juliac
K - Cup break upK is a long term investor's dream as the stock continues to be in an bigger uptrend (despite that it has it's fair share of volatility). For the past 2 months, the stock has gone into a cup consolidation and finally broke up last Friday, probably in anticipation of earnngs that is expected out on 3 Nov (BMO). We do not know if this breakup is for real but should there be any near term pullback below the neckline, then I would be watching for a possible "handle" (higher low) which could make the case for a solid cup and handle formation, Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:KLong
by Juliac
TSLA LONG Cup and Handle Bullish ContinuationOn the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior reported earnings, The cup portion completed with the recent earning about August 5th while the handle is completed this week. The cup is about $280 in height/depth while the time duration is about 90-95 days in duration. This predicts a bullish continuation from the current market price of about the same value making a target of $1190 before the next earnings in 80 days. Making for a 30 % ROI over the same time. ( The uptrend and downtrend of the cups are supported by relative volume as seen on the indicator.) For a better understanding of the cup and handle pattern, see this excellent explanation and discussion by GMEvsSPY (link by permission)
NASDAQ:TSLALong
by AwesomeAvani
2
CVNA - up trend underwayCVNA built a cup base formation over 2.5 months before breaking up a minor neckline@34 on 5 Aug with very high volume. It has also since broken above another neckline @ 47 and the trend is clearly up now. Any near term retracement should not go below 42 Manage positions with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CVNALong
by Juliac
SBUX - turned the cornerBroke out of a cup base @ 80 on 18 July, then pulled back and retested this neckline which now affirmed that this resistance has now become support. Time to buy the dips (as long as it does not close below 80). RSI >60 showing good strength. However, be mindful that earnings is expected out tomorrow. Should there be a dip after earnings (but staying >80), it would be a good opportunity to initiate some position. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:SBUXLong
by Juliac
⚠️🍵 #Bitcoin Short-Term "Cup" Could End W/ Short Squeeze $BTCA small #shortsqueeze seems to have already occurred for $BTC, with a false break of the support trend bringing in shorts and either stopping them out or liquidating a low volume of orders. I have not shown the RSI's on here as they are both at mid-levels (50/50 chance of moving up or down), however the may be overheating slightly. This could mean a second "fake-out" break of the upper trend with a larger drop down to the $18K level. However, if this pattern plays out, this could be what reverses the crypto market in the short term. There are confluences with both the measured move and the 1.618 fib retracement level of the most recent, short-term wave down, as well as the expected pivot for a retracement back down to the upper trend, should a confirmed breakout occur. As I already stated, there is still a strong chance for either scenario to play out, so this is something I (personally) will just be tracking for the moment, but not actually trading until one of these two scenarios confirm. How I Might be Trading this: For a "fake-out" and break of the support-trend, I will be looking for a buy/long around $18,700-$18,800. I may consider shorting the break of support, however I don't really know ( yet ) if the risk/reward will be worth it, especially because this range being the bottom price-range seems likely to me, IMO. For a break of upper, medium-term trend, I would be possibly shorting around the target zone (shown with the box), then a buy/long upon retracement and testing of the upper trend. However, where the RSI's are upon testing that level would mostly determine whether I go forward with that trade. *This is all my opinion, based on chart data, and what I'm personally doing with my trades. This is not financial advice.*
COINBASE:BTCUSD
by DoozerInvest
VET - Cup breakupCup and handle (or Cup without handle) are continuation patterns (of the prior trend). VET was in an uptrend before it went into a 3 month consolidation forming a "Cup" pattern. It finally broke above the neckline yesterday on STRONG volume (strong volume breaks tend to be more sustainable). Expecting near term target around 29.80 +/- with initial stop loss slightly breakup candle low. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:VETLong
by Juliac
bullish flagEntry: $43.30 SL: $41.00 (loss 5.50 %) (visual only, close if daily closing price below) (but also a good investment) TP: $55.70 (profit 28.4 %, ratio 5.1) Hello Traders and Investors, in my opinion, this setup also offers both a very good trading and a good investment opportunity. The price formed a cup formation (without a handle) and is just about to break out of a bullish flag . Currently, a nice hammer candle can be seen on the weekly candlestick chart. Those who want to can get in, but waiting until the $45 level is broken is also quite smart. For me, this share also offers a nice investment opportunity, as the dividend yield is over 3.5% and the fundamentals are also solid. The share is listed in the S&P500 and the Nasdaq100 Index. Deutsch Hallo Trader und Investoren, meiner Meinung nach bietet auch dieses Setup sowohl eine sehr gute Trading- als auch eine gute Investitionsmöglichkeit. Der Kurs bildete eine Tassen-Formation (ohne Henkel) und ist gerade dabei aus einer bullischen Flagge auszubrechen. Zur Zeit kann man im Wochen-Candlestickchart einen schönen Hammercandle sehen. Wer möchte kann einsteigen, aber auch ein Warten bis zur Durchbrechung der 45$ ist durchaus schlau. Für mich bietet diese Aktie auch eine super Investmentmöglichkeit, da die Dividendenrendite über 3.5% liegt und die Fundamentaldaten ebenfalls sehr solide sind. Die Aktie befindet sich im S&P500 sowie im Nasdaq100 Index.
NASDAQ:KHCLong
by Wiesel90
Beyond Meat (BYND) In A Cup?Beyond Meat ( NASDAQ:BYND ) In A Cup? No of course not! Beyond Meat ( NASDAQ:BYND with a cup on its chart? Yes! BYND has been in a downward trend since the beginning of the year. I discovered two factors that led me to believe that the stock will begin an upward trend. 1. Cup on the daily timeframe 2. Bullish Divergence On a non-technical note, Beyond Meat recently announced that they expanded their distribution to 8,000+ stores. Perhaps BYND will give us a handle within the next few days. I look forward to watching this stock go above and "beyond" the downtrend its been in. *This is not financial advice Peace & Prosperity, Al
NASDAQ:BYNDLong
by MrALtrades00