Knowing how much you appreciate and love a cup and handle formation, I thought I would highlight a great example of such a share for you here. Please check out AFA which has just completed forming a second cup.
Now I have no real understanding of whether having 2 cups formed has any more significance than having just the one, so your views would be appreciated. Also, in the previous cup, the bottom was around 12p and top of the handle was around 24p. The bottom of the latest cup was around 18p which does does show quite a symetrical pattern to me. Could we be reasonably expecting the handle on this one to go to 36p accordingly ? I will of course be doing further research of my own but would appreciate any further views on the TA side for AFA.
