Wednesday, October 10, 2007

XING: Cup & Handle Breakout



(C;ick On Chart To Enlarge)

The Cup & Handle Pattern is in green. The "handle" is the Bullish Falling Wedge (in purple) that broke out yesterday. The 11.94 target that was IN PLAY from that breakout MADE near the open this morning.

The Bullish Falling Wedge breakout also has a target of 12.84 IN PLAY.
This morning's Cup & Handle breakout puts a target of 16.10 IN PLAY, as long as XING continues to trade above 11.94-11.95. Below that, the target goes ON HOLD.

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