The cup handle has dipped dangerously low. Looking like a bull flag at this point, but I think earnings will solve the mystery. It's as if the stock has been reaching for prior tiny gap up for quite a while. There is a wick dangling inside that gap so it may be considered filled. In any case, the area would provide excellent support and is right around mid cup
If handle low reaches mid cup the pattern is INVALIDATED. I feel like this could also be called a V bottom, but there are also V shaped cups. In any case, break out is the same, at the prior high.
VRSN has beat earnings more than missed, but they have missed
Not a recommendation.
If handle low reaches mid cup the pattern is INVALIDATED. I feel like this could also be called a V bottom, but there are also V shaped cups. In any case, break out is the same, at the prior high.
VRSN has beat earnings more than missed, but they have missed
Not a recommendation.
Comment:
It looks like VRSN's mission has been to fill that dern gap for a long long time it seems! I think it finally did. Perhaps it can move on now