cup handles
A "cup handle" is a technical chart pattern used in stock trading, often associated with the Cup and Handle formation. This pattern resembles a cup with a handle, where the cup is a rounded bottom followed by a consolidation period, and the handle is a slight downward drift before a breakout. Traders look for this pattern as a potential signal for upward price movement.
The cup handle pattern typically forms over several weeks or months, indicating a period of accumulation. It suggests that the stock has found support and is ready for a potential rally, making it a popular choice among technical analysts and investors.