TEXCHEM
Cup & handle structure.
-The base retraced 50% from ATH, (WON said 40-50% during bear market)
-Volume dry up in base
-Handle buildup has low volatility
-Handle around 50% of base with rejection lower base AVWAP
-FA checked!
Cons:
-Price below MA50 during basing period (7 weeks)
-Market may be upward or downward
-Need a bit time before BO handle and retrace above MA20
-The base retraced 50% from ATH, (WON said 40-50% during bear market)
-Volume dry up in base
-Handle buildup has low volatility
-Handle around 50% of base with rejection lower base AVWAP
-FA checked!
Cons:
-Price below MA50 during basing period (7 weeks)
-Market may be upward or downward
-Need a bit time before BO handle and retrace above MA20
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