Welcome to Thursday Special!
Whether you are a beginner or an experienced investor, everyone has their own opinions on the stock market trends. How do you make these judgments?
Let's start a series of learning patterns and apply them to individual stock trends.
Could you guess which stock this is based on the following trend?
BINGO!
It's NVIDIA!!! $NVIDIA Corp(NVDA)$
Can you spot the CUP and HANDLE in this pic?
What Is a Cup and Handle Pattern?
It looks like a teacup with a handle, indicating a signal that the stock price is resuming an upward trend after a period of consolidation and pullback. The essential characteristics of the cup and handle pattern are as follows:
approximately 1-3 months before the “cup” pattern begins, the stock will reach a new high in an uptrend.
the stock will retrace, dropping no more than 50% of the previous high creating a rounding bottom.
the stock will rebound to its previous high but subsequently decline, forming the “handle” part of the formation.
the stock breaks out again, surpassing its highs that are equal to the depth of the cup’s low point.
💭So, today's homework is to find a stock with a cup and handle pattern!
Please take a screenshot and highlight the cup and handle pattern.
For example:
🎁Prizes
Comment Rewards:
All Tigers who leave valid comments in the comments section will receive Tiger Coins but don’t copy others’ homework hahaha.
Editor's Pick Post Rewards:
If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment.
This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
【Thursday Special】Could You Find Cup and Handle Pattern?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Soon as the puts sell off this will rebound swiftly.
NVDA is grossly oversold here. I'm thinking (because of the India news) that we go up about $25 today if the markets take off.
I don’t think 🤔 NVDA has had even one uptick since fake earnings a month ago