Saturday, April 19, 2008

Notable Cups

In lieu of Apple's recent set-up of a cup-with-handle technical pattern, here are a few others I have come across. Buyers of the dip (higher lows) leading us to a bullish run perhaps?
NYX looks sloppy, and hasn't confirmed a move by breaking the rim, but it's worth keeping an eye on.
PCP closed above the cups rim. Looks like some over-head resistance with the 200EMA.PCU presents a cup within a cup. If confirmed (finding support above $120), this stock could run to last year's highs.RIMM; this cup (like Apple's) has been a long time in the making. Again, if confirmed (by finding support above $124) RIMM could go to all-time highs.{update} I have also noticed what could be perceived as C-w.-H patterns in DRYS, ICE, ESI, SPG, & SPWR. If you check 'em out let me know what you think.


Trader M.D. said...

Nice Todd.

We're watching a lot of the same stocks. I noticed RIMM & PCU (possible inverse H&S too) over the last few days/weeks.

I'll be sure and add PCP & NYX to my list.

fufufnik said...

Trader M.D.,
I had a few others I'm not quite certain about. There's SPG where the cups rims can run from either 11/01/07 or 12/11/07 to 04/04/08.
There's also SPWR where the rims run from 1/16/08 to either 04/07 or 04/16. If you have the time, check them out and let me know what you think. cheers!


Trader M.D. said...

SPWRs a little sloppy for my tastes, but take a look at the weekly chart for SPG. It looks like its breaking out of a channel type formation. Connect the lows from Nov 06 and the highs from the end of feb 07 & beginning of oct 07.