CUP & HANDLE – DAIRY FARM (DAIR.SI)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section a bullish cup & handle continuation chart pattern on Singapore’s Dairy Farm International Holdings (DAIR.SI)

DAIRY FARM INTERNATIONAL HOLDINGS LTD (DAIR.SI)

Dairy Farm International Holdings Limited is a Hong Kong-based Asian retailer. The Company operates in four segments: Food, Health and Beauty, Home Furnishings, and Restaurants. The stock is listed on the Singapore Stock Exchange. Price chart formed a 2 year-long cup & handle continuation with the horizontal boundary acting as strong resistance at 9.3 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 9.6 levels will confirm the breakout from the 2 year-long cup & handle continuation with the possible chart pattern price target of 11 levels. The handle part of the multi year-long consolidation can be identified as a possible rectangle that can act as a launching pattern. Price data is as of January 15, 2019 CET 7:00 AM.

EDUCATIONAL VIDEO ON CUP & HANDLE CONTINUATION CHART PATTERN

Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

  • Global Equities Report. Delivered weekly.
  • Classical charting principles. Learn patterns and setups.
  • Actionable information. Worldwide indices and stocks of interest.
  • Risk management advice. The important trading points of each chart.
  • Information on breakout opportunities. Identify the ones you want to take action on.
  • Video tutorials. How patterns form and why they succeed or fail.
  • Watch list alerts. As they become available so you can act quickly.
  • Breakout alerts. Usually once a week.
  • Access to everything (now and as it becomes available)
    o Reports
    o Videos and video series
  • Multi-part webinar course. You learn the 8 most common charting principles.
  • Webinars. Actionable and timely advice on breaking out chart patterns.

For your convenience your membership auto renews each year.

Get Access Now