$MASI Cup with Handle Formation?

12. Juni

MASI This one has been in a longer-term downtrend which broke out in March then failed. When looking at the weekly chart, it looks to me that this latest formation can be classified as a Cup w/Handle.

In addition to the Cup w/Handle formation it has come down, tested and bounced off the 40 Week MA (White line) which seems to have acted as support.

I had an alert on the higher downtrend line as a trigger for a breakout of the Cup w/ Handle formation. It triggered today so I have opened a ½ size position with a stop on a close below the 40 Week MA. Which is a 4% stop. Now I can only manage risk, but I will look to add on follow through. All TBD.

The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

12. Juni

Anmerkung

MASI Holding up well here.

12. Juni

Trade wurde manuell geschlossen

MASI I had a trailing stop on this due to possible fed volatility. It hit but I will look to add back a position if it sets up for me.

12. Juni

Anmerkung

I did make $2.15 per share so nice little trade.

11. Sept.

Anmerkung

The original idea of a cup w/ handle formation does not seem to be working out. I have redrawn the upper trendline on what I thought to be a handle. This is still clearly in a down trend. I do however, like that the 40 week MA (white) is trending up. But it is not great that price is below. Non-the-less, I have an alert set of it breaks above that upper downtrend line. Let's see what happens.