Take a look at LAC, its forming a classic cup and handle. Its not a buy yet as it may consolidate a bit more on the handle. A strong close above 24 is the buy point. A failure can turn into a double top but it looks strong thus far.
sigh .... you have a lot to learn. the uptrend started in Apr 2020 and reached a peak of 28.5 ie it has already been appreciated 14 times in just 1.5 years cup and handle thing only works in theory. always look at the bigger picture first.
I certainly will buddy. These are all potential set ups and meant to keep an eye on. Its a lithium company so it has a very high demand product.
Exactly. And one man's cup and handle (that they want to see more consolidation on)... ...is another man's inverse head & shoulders.
As I stated in a previous post, this is why we dont buy until the buy point is confirmed. In this case, the 23.75-24 level ( on a closing basis ).
Its starting to make a nice move upward and attempt to regain its possitive technical pattern. I preemtively bought some here at 22.98. I have a stop in place and I will buy more if it closes strong.