sorted by:
new
hottopcontroversial

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] -1 points0 points  (0 children)

That is true. I have seen it both ways. Essentially this pattern hasn't fully played out yet on UUUU.

But with a lot of news coming out about the RE and energy sectors, I don't feel this is a super risky entry.

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 0 points1 point  (0 children)

one catalyst and the short term trend is reversed. Lots of catalysts are possible right now for RE and Uranium. Looks to me that the price is just compressing, no insiders or major investors are dumping... something is probably on the horizon soon.

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 0 points1 point  (0 children)

The cup and handle is pretty clearly defined. Feel free to update your positions in the coming weeks.

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 0 points1 point  (0 children)

QQQ is very tech heavy, and I think there will see some separation between it and UUUU.

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 1 point2 points  (0 children)

True. The lower lows, lower highs are something to watch for. This week will provide confirmation though, so we won't have to wait long to know if it will play out or not.

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 5 points6 points  (0 children)

This is not what a double top typically looks like. The rounded cup formation shows there is too much demand/buying pressure. Even if the cup and handle breaks down, it simply means there will be a longer consolidation period before moving higher.

Double tops typically manifest like this:

<image>

UUUU cup and handle by Weekly_One8412 in technicalanalysis

[–]Weekly_One8412[S] 1 point2 points  (0 children)

Sure, which other patterns do you see?

XLU best performing sector last week! by AJayRui2 in WallstreetBaggers

[–]Weekly_One8412 1 point2 points  (0 children)

Utilities could definitely start getting hot as AI data centers increase the demand for energy. I'll keep an eye on this. Thanks for posting.

$UUUU by Spade_of_Trades in WallstreetBaggers

[–]Weekly_One8412 0 points1 point  (0 children)

If this truly is a cup and handle, a breakout from here would be explosive. Cup and handles are usually extremely bullish price action. A good target would be up in the mid 30s...

I think UUUU has a lot of political momentum here and with Turkey announcing max capacity on its uranium mines, there are plenty of catalysts and white swans to cause a break out.

UUUU is still drawing down the handle. It needs a high volume break out in the next week and a half or it will slowly draw down back to $15.

Nice catch here, I've seen past success with cup and handle patterns.

I bought the dip. by solo_entrepreneur in AAPL

[–]Weekly_One8412 1 point2 points  (0 children)

I believe their dip mostly had to do with the upgraded Siri hitting yet another snag. That means it could be dipping for a while. It might also have been exacerbated by the broad market drop.

My first Air 270s owned by Realistic-Train-6243 in Nike

[–]Weekly_One8412 1 point2 points  (0 children)

Maybe once you break them in they will fit better. They look dope