Cup and Handle pattern using three major stocks — $Tesla Motors(TSLA)$ , $Amazon.com(AMZN)$ , and $Apple(AAPL)$ . Discover how to spot this bullish setup, what the neckline breakout could signal, and how traders estimate potential price targets.
$Amazon.com(AMZN)$ gapped up after my video on cup and handle [Miser] Alternatively, watch the video here https://youtu.be/QFShhXG-c2A
What is a cup and handle pattern?
-
Cup: The price first drops, then slowly rises back up, forming a “U” shape — like a cup.
-
Handle: After the cup forms, the price moves sideways or slightly down for a short while — this is the handle.
-
Breakout: When the price breaks above the handle’s top, it often signals the start of a new upward move.
Hit the follow button to stay updated! I post valuable trading and investing insights every week—don’t miss out on being the first to know!
This stock was identified based on a signal generated by the TAD System https://bit.ly/tawpro.
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
Comments