ATHM has formed a cup with handle formation. The handle flagged down nicely and looks like it has complete. Using the measure rules you can project a price to around $126. If you are a Fib person you can project to $100 as the first profit target. I am not a Fibs expert, I do think it is a useful tool with projecting upward profit targets. This stock has done a good job of staying within the Fibs on the weekly and monthly scale. On the Daily it is a little sloppy, but again, I am not a fibs expert.
One thing to not about cup and handles, they hit their targets about %50 percent of the time. This one, however, has such a nice formation: Rounded bottom, nice tight flag, good volume projection as it completes the flag. Its a good one.
I would drop this one into your 2018 portfolio with stops at the top of the flag pole. I might add it to mine.
One thing to not about cup and handles, they hit their targets about %50 percent of the time. This one, however, has such a nice formation: Rounded bottom, nice tight flag, good volume projection as it completes the flag. Its a good one.
I would drop this one into your 2018 portfolio with stops at the top of the flag pole. I might add it to mine.