Technical Education: Cup with Handle with Apple and Analysis on IPHI and CHGG
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Technical Education: Cup with Handle with Apple and Analysis on IPHI and CHGG
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About this listen
Welcome back after almost two weeks! This week we talk about one of the most common technical formations. It is the Cup with Handle Base. Why am I talking about the Cup with Handle Base? It is because you don't have to buy a stock that has reached an all time high! The Cup and Handle Base lets you buy a stock that is a few percent below your high thus lowering your risk.
Also Chegg and Inphi is also talked about on how they are forming a Cup with Handle Base and here there are potential buy point. The market are a little bit violent right now so be very precise with your buy point and let the market tell you when to get in.
View the Apple Example Analysis here:
https://www.tradingview.com/chart/AAPL/ZrWzf1wU-AAPL-Cup-with-Handle-Base-to-study-for-Future-trades/
Chegg
https://www.tradingview.com/chart/CHGG/mIKl7eUY-CHGG-Buy-at-89-92-Profit-at-112-4/
Inphi
https://www.tradingview.com/chart/IPHI/RZaCGdd6-IPHI-Buy-at-142-1-Profit-Taking-at-177-63/