Orange - inverted Cup and Handle

[esiotrot]

hi guys
A short time ago there was a thread on Saucer bottoms and Cup and Handle patterns.

OGE has completed a good inverted Cup and Handle with a target of 120p if you use the normal criteria.

Any thoughts on this?

Chart should be here:

 

[FTSE Beater]

Hi esiotrot.

I'm not entirely sure how a target for a cup and handle pattern is made, although hopefully someone else will be able to help.

I see Orange (and the other telecoms stocks), as being dead ducks. The trendline below shows how bear this stock is.

I can't see any reason at this point why it won't find your target of 120p

HTH 🙂