- Cup with handle pattern.
- A huge volume gap up.
- Consolidate nicely above the 23.6 Fib level.
- Gap fill and support at 200 day MA and 50 Fib
- Gap down after earnings.
Take a look at the PWRD chart:
It, too, started with a nice cup with handle pattern, nice huge volume gap up, consolidation at the 23.6 Fib, support at 200 day MA. I'm already leery of the impending gap fill at the 50 Fib. Also, guess what? Earnings are only 5 trading days away next week. One can't help but envision a similar outcome as AVP. Otherwise, the big picture as per my original post is still in play in my opinion.
I hold a token 200 shares of PWRD.