https://www.investopedia.com/terms/c/cupandhandle.asp
KEY TAKEAWAYS
- A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
- A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
- Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
- Is NFLX forming a cup?
BYND: Cup-with-handle did not work out....