Trade of Day – Amtech Systems (ASYS) Breaks Out of Cup With Handle

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 1

I haven’t featured too many cup with handle bases in the trades of the day segment, but they  are one of most successful chart patterns in a strong market.  On such cup with handle chart that has caught my eye recently is ASYS which has carved out a short but very bullish looking cup pattern and today is breaking out of the handle formation and briefly touched all time highs before pulling back.  Looking at buy vs sell volume ratios, all indications point to further gains from here.

asys cup with handle breakout

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