I got lured into buying QCOR on the breakout day 5/1 from the cup. Volume looked solid coming in at 64% above average. However, the stock closed below the breakout price for the day and closed in the bottom (32%) of the day's trading range. Now it appears I will likely get shaken out of this position as the stock starts to form what looks like a handle.


Perhaps I will hesitate to buy breakouts from a cup without handle in the future. I wonder if anyone else has success buying breakouts from cup-without-handle patterns.