lauralea

Cup and Handle

Long
NYSE:ALK   Alaska Air Group, Inc.
Inta-year cup and handle pattern..

The yearly C&H would have a break out over prior yearly high which is 70.41...a ways to go!

There are no rising wedges in the yearly chart...pull back is always on the horizon

C&H pattern targets are calculated using the depth of the cup.

Just an observation...placing your stop in a safe place is always a good idea..like maybe a notch lower sometimes than you think especially if the security is volatile....the stop hunters will find it if you are not careful and it can become a loss verses a win )o:
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