Bega - a long cup & handle formation

2021년 6월 18일

2 1/2 years to have formed this pattern. looking to breakout to the upside, after a minor pull back to trend support.

Easy move here with 5-6% risk.

Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top.

potential 15-50% move depending on your TP targets and term length.

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  *Multiple Bull Divs
  
  *2 1/2 Cup formation.
  
  *Currently in handle
  
  *Strong company growth and earnings beats.
  
  *Recent acquisition of Lion group.
  

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*- Slow mover

- Potential fake out and heavy resistance above 6.40

- Best entry required for good R:R (as of writing its around 2.5/3.5)