Cup n handle on Weekly and D/W Breakout watchFIrst OFF Lets say it aloud = Bigger the base, higher in space !
Secondly look at Monthly or weekly chart and see 42 months of Consolidation in that area?
See a cup and handle? see this sticking to the highs and banging its head at $14 w multiple tries,
Simple Rule is the more we hit on a resistance we have higher probability and not a certainity but a higher probability to break it and as it breaks resistance is ATH at $16.
More importantly what the risk ?
If Investor then go with $12 as the biggest volume shelf is there as seen in my indicator VRVP
If Swinging then we got a poor R/R as the target itself is $16 but if you see the Earnings gap at $12.78 aligns with all the EMAs like 50 so im keeping my risk there !
Pros=
-Great fundamentals and growth on YOY quarterly even though lower from earlier but my bet is if Papa powell starts the rate cut and the money printing goes brrrrr which they will eventually resort to then Financials obviously see that and we get a massive BO.
I already entered in anticipation on half size, I will add more once it crosses $14 and gives me a clean retest.
If you are reading this and think you will double triple your money then delete the app and dont waste time or your hard earned money, Im not Nostradamus nor a hedge fund if the idea fails DO NOT I REPEAT DO NOT BITCH OR MOAN, PROTECT YOU CAPITAL AND TAKE RESPONSIBILITY.
Good luck all !!!
