SXX cup and handle breakout

Forgot the chart doh !!!!!!!!!!!!!!!

www.screencast.com/t/vR0sykGG

Remo,

Gapped up this morning and a positive finish tonight above the flag. This looks very positive to me and if it opens positive tomorrow we could be on our way to close above that magic 30p, what do you think.

Tight Lines

SRB

this broke out nicely today.
if this can finish above 30 then the highs should be tested again and the target should be achieved hopefully.



dyor

This could be breaking out of its consolidation triangle today (need to wait for close for confirmation):



dl.dropbox.com/u/20815047/SXXdaily07_01_13.gif

Note that this resistance has formed at the 61.8% retracement of the drop from 37p to 12.5p so a break through here should be significant.

abudawud wrote: So cup and handle is king then.

Its one of the most powerful patterns out there. If not the most

Hi sirrichard

Its quite normal for a re-test of a breakout point. Thats when your meant to really enter on a re-test with tight stops.
With penny shares you have to be extra careful as false breakouts do occur.
If this can finish above the breakout point by the end of the day then it will be bullish.
DYOR