The Traderszone Network

Published in TZ Latest News 1 May, 2015 by The TZ Newswire Staff

How To Invest: Getting A Handle On Stock Base Handles

Whether it be a cup, saucer or a double-bottom pattern like the chart of CyberArk (CYBR) recently. The stock formed a six-day handle from April 8 to 15, giving a buy point at 63.08. On the weekly chart, it was nearly impossible to see that a handle had formed. But it was clear on the daily chart. The rally was choppy, but CyberArk climbed 9% after clearing the handle April 16. Third, volume should be quiet in the handle.

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