This RWB daily chart shows clearly the cup and handle pattern. The key is to react after a break-out and not to act before it occurs. Pivot point is around 17.75 and it should be surpassed on above average volume to increase chances it is genuine.
Dr. Wish
$GWPH has GLB (green line break-out to ATH)
Volume was not great, will sell if GWPH closes back below green line.
Technical weakness in index ETFs; $SGMO possible cup and handle
All three major index ETFs (QQQ, SPY, DIA) have their fast stochastic (10.4 daily) below their slow stochastic (10.4.4 daily). For me, this indicates short term weakness. The longer term technicals remain strong for these indexes with the GMI at 6 (of 6).
A stock that came up on my RWB scan is SGMO, a biotech. SGMO also looks like a possible cup with handle pattern.
Note that SGMO has now closed back above all 6 red lines and is in a RWB pattern.
