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.




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October 13, 2008
Market Needs Rest Before Tackling Double Top | Self Investors (Pingback)
[…] 2. Be Zen, Be Like Ben; Stock of Day: Yingli Green Energy (YGE) 3. Trade of Day - Amtech Systems (ASYS) Breaks Out of Cup With Handle 4. Secondary Offerings & Valuation Downgrades May Offer Opportunity […]