$SSP forming 4 Month #CupandHandle #ChartPattern

20 sept. 2020

The handle part of the pattern is taking on the shape of 2 month rectangle pattern with $12.50 acting as boundary resistance. Chart patterns that accomplishes 3 things when they breakout are ones that have the most chance succeeding. When the breakout takes place (daily close above $12.50), SSP will:
1) Close above its cup and handle chart pattern (blue line on chart - breakout)
2) Clear a multi month weekly downtrend (red trend line on chart)
3) Clear/Breakaway from the 200 MA (yellow line on the chart)

30 sept. 2020

Ordre annulé

volatile day on September 24th. never closed over chart pattern resistance. Chart is too all over the place. removing from watch list.