Anhui Tianda Oil Pipe Company Limited (0839) : Very nice Cup and Handle formation

Nov 5, ’09 2:25 PM
Author Categories HKSE, Infrastructure Tags

Previous post on Anhui Tiande highlights the kumo resistance.

And indeed, Anhui Tiande hit the kumo and retrace a little.

What happens next is it actually forms a cup and handle and when it break through the kumo resistance, it breaks through strongly.

Very nice :)

2009Nov-Anhui Tianda Oil Pipe Co Ltd-800x600

Related posts:

  1. Anhui Tianda Oil Pipe Company Limited (0839) : Kumo resistance ahead
  2. Tibco Software Inc (TIBX) : Cup and handle formation
  3. Salesforce.com (CRM) : Nice retracement and breakout of $77.48
  4. Watch the Gold : Possible Cup and Handle
  5. SolarWinds Inc ($SWI) : Nice breakout