Its fundamental Ratios are really good. RoCE and RoE being much higher than the industrial average. Company is almost debt free. The PE is below average which indicates that it's undervalued relative to its peers.
The falling wedge should give a breakout before 50%(122.0) for the cup and handle pattern to stay valid. That could be a good entry point.
C&H pattern has been validated so far by volume Chart. Volume being lower then average for the bottom of the cup while increasing towards the handle.
NOT A BUY/SELL RECO
The falling wedge should give a breakout before 50%(122.0) for the cup and handle pattern to stay valid. That could be a good entry point.
C&H pattern has been validated so far by volume Chart. Volume being lower then average for the bottom of the cup while increasing towards the handle.
NOT A BUY/SELL RECO