So $CIDM just completed at great "Cup-Handle-Pop" at 11:39. If you look closely, this pattern actually has a "meta-Handle." There is a cup at 10:45 to 11:15, with a following handle, but within the handle is another cup-handle pattern. I'm finding when a cup-handle completed on another "meta-handle" (and rarely a triple handle), these can pop/squeeze huge.
One of the key things I look at now are
1) a nearby resistance. Here: we have the VWAP. This acts like a rubber band. The cup-handle-pop will give it momentum, and it breaks the rubber band it will sling-shot up (hence the squeeze).
2) I prefer "Intraday runners" (this is actually a loser, but the pattern fits)
3) I am now using MACD for entry/exit signals. I would have actually entered this play at 11:35 at around 2.56 and set my risk to bottom of the current handle (2.51). This a momentum play, the second the pattern fails to be cup-handle-pop, I'm out.

very nice, thats a nice chart, also why i never linger in my dip buys!
Yes , SO important to never hold and hope. And I would have stayed away on the finely bounce except for the buy signal on MACD for me and the confirmation on candlestick patten. That made me think we would see continuation . I was able to get another small profit from that last bounce.
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