DAVIN completed the Cup and Handle?

Looks like DAVIN just completed the cup and handle formation after it bounce from the Kijun Sen line and move up to close at 1.21 per share today. DAVIN may continue to move up and hit somewhere 1.45 – 1.50 per share. We are giving some room for error up to 1.25 per share for the breakout but based on its movement today, DAVIN looks strong.

Ichimoku elements are still in a bullish mood with Kijun Sen to bend upwards soon.

RSI or Relative Strength Index is at 70

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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