Looking for breakout of this base on two contractions, wouldn't be to surprised if it goes for a third. Stop at last of approximately 169 or neckline if breakout confirms. Just my thoughts
The stock price is in its major bull channel's support area and it is forming a short term cup with handle pattern. If the stock price could cross above $180 with high volume, probably the price would go to channel's resistance at around $200 or even higher.
EPAM Systems, Inc. provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and...
EPAM Systems, Inc. provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and...
There are 3 reasons to Buy EPAM: 1) Gap after selling climax at 18-02-2016 2) The Flag has been broken at 14-03-2016 3) There is 3/4 of triangle has been created
Here is a nice graphic showing how to determine base count and when to combine bases into a single pattern. Sometimes its hard to know if it's a cup base or a double bottom, as in the case of the cup base #3 (Oct 2013). I had to go back and watch the EPAM video from Jan 10, 2014 to figure out where the proper buy point was. ibdtv.investors.com