AGORACOM News Flash

AGORACOM Maintenance Alert: Going Offline Tonight, and Friday night for about an hour

Dear Members.

AGORACOM will be updating our server framework tonight and tomorrow night. As a result our discussion forums will be down for 1 hour or less.

These problems stemmed from our recent switch to a new web host and some issues with our DNS records (the settings that tell your web browser where our website is located). We believe we have squashed these bugs and are looking forward to pushing these updates through.

In anticipation of this scheduled maintenance we suggest the following:

1. If you are going to post any long and intensive material after 6PM either tonight or on Friday night, save a copy. We don’t expect to lose any data from the last 2-3 hours but better to be safe than sorry

2. Our blog (which you are reading right now) and Twitter account will be unaffected during the downtime, so feel free to contact us at either if you have any issues and can’t reach us through the site.

Best thing to do is to post comments on our blog. Alternatively you can reach us by emailing contactagora@agoracom.com

3. We expect the migration to be very smooth but please let us know if you have any issues.

4. If you are in Toronto, or the GTA, enjoy the weather! Summer is here so go out and have some fun!

We trust the above to be satisfactory as we strive to continually provide you with a great AGORACOM experience.

Thanks,
George and the AGORACOM Team

Close

Message: Cup and Handle pattern

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

CGB

Rank: [?]

Vice President

Points: [?]

997

Rating: [?]

Votes: 65 Score: 3.3

Currently 3.4/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Cup and Handle pattern

posted on Mar 21, 11 08:54AM (Log in to use the IP Check tool) ^[?]

This chart is a little more complicated. There are several aspects to it that make it interesting. First is the possible long-term trend line bounce that occurred last week. When looked at from a weekly basis, it seems to be posting a Bullish Pennant and is also coming out of the oversold territory from its indicators. When looked at from a daily perspective, We can possibly interpret this as a Cup and Handle formation with the handle breakout occurring last Friday. The interpretation of a chart is often biased to what the interpreter is looking for. In my case, I am always looking for swing trades so I'm seeing more the Cup and Handle formation breakout than the Bullish Pennant on the weekly chart.

Cup and Handle measured move breakout would place the target at about $3.14 giving us a potential for 15.8% gains from the current share price. Which chart pattern do you see? Practice and develop your skills in identifying chart patterns without having to draw lines on the charts. This will help you to no end when doing your weekly scans and quickly spotting the types of plays you like to trade.

See chart and other weekly picks here
http://us1.campaign-archive1.com/?u=4d6d491aea8e01d93d8a1f390&id=0853829514#BTO

Cheers!