One of the ways that I've found success in the stock market is through being able to identify constructive chart patterns. These patterns are by no means a cure-all or a holy grail, but what they give us is a way to answer the questions "How much? "When? and "What is our potential reward to risk?" It gives us a slight edge in the market by which we are able to be profitable over the long term.
In this video we cover 6 Keys to identifying good cup w/ handle patterns and how to profit from them. Some of these principles can be applied to any chart pattern.
1. Look at multiple time frames. Start with the weekly chart, then move to the daily chart.
2. Look for stocks that were already in an uptrend before they started forming their base.
3. Ideally the RS line will be at or near new highs while it is forming the base.
4. Look at the weekly chart to identify long term support
5. Look at each individual bar on the chart... it is tell a story
6. Identify the advanced entry point on the daily chart
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hi Michael. thanks for your video. it's eye-opener. I have a question. you mentioned about consolidation of price or bar are consolidating (if i got that part right). didnt undertsand what you meant :( . and whats accumulation VS distribution week. what exactly its accumulating and distributing. it was bit puzzling. plz really appreciate if you can explain. once thanks for you video. good day
AA Chowdhury thanks so much for your question!
Accumulation and distribution are just other words for the buying and selling of the big players. When major mutual funds, hedge funds, etc... do a large block of buying, they are accumulating. When they sell, they’re distributing.
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Systems and Equipment.
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Public Emergency Services.
Contractors and Vendors.