Last Post 01/29/2013 11:01 AM by jebmkm (135) . 2 reply.

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01/18/2013 11:38 PM

LOCK - double bottom? cup no handle?
by gar.chan (765) Joined on 05/28/2010 Posts: 67

I haven't taken the Chart School course re: IPO bases.

How is LOCK's current base breakout classified?

Is it a double bottom?

Cup without handle?

or IPO base ? (if so; should these be treated differently?)

Thanks

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01/21/2013 02:54 AM

Re: LOCK - double bottom? cup no handle?
by vorlon (175) Joined on 09/16/2010 Posts: 25

I haven't taken the course either, but I would say it's an IPO base / cup with handle (the right half of the price history so far).

Pivot point should be 8.82, and it broke out last Friday.



01/29/2013 11:01 AM

Re: LOCK - double bottom? cup no handle?
by jebmkm (135) Joined on 04/30/2010 Posts: 34

the stock had a failed b/o on 11-27.  this became start of a new pattern (cup) which b/o on 1-18.