📊 Which stocks are currently forming a cup and handle pattern with a high success rate?

The circled section highlights a stock forming a cup and handle pattern, a bullish signal that has historically led to significant gains. Here are key details and insights about this pattern and its implications:

1. **Understanding the Cup and Handle Pattern**: This pattern consists of a cup-shaped bottom and a handle-shaped top. The cup forms as the stock peaks a swing high, then reverses direction, forming a rounded bottom. The handle extends from the high point of the cup, forming a U-shaped pattern that slopes downward. This pattern is considered a bullish signal, indicating a potential upward breakout.
2. **Characteristics of a Successful Cup and Handle Pattern**:
- It forms after a significant upward movement, typically 20% to 30%, indicating a strong buying pressure.
- The pullback or handle dips no more than 12% from the peak, which helps to consolidate gains and weed out weak holders.
- The breakout volume should be at least 40% above the average of the past 50 days, signaling strong buying interest.
3. **Historical Success Rate**: This pattern has a high success rate, with many stocks exhibiting significant gains after forming this pattern. It is often seen in bullish markets and can pinpoint a precise entry point for maximum profit.
4. **Key Points for Investors**:
- Look for stocks that have formed this pattern and are approaching the breakout point or have recently broken out.
- Consider the overall market conditions and trend, as this pattern is more effective in bullish markets.
- Monitor the breakout volume and follow-up with a cautious approach, as not all breakouts achieve the full potential of the pattern.

In conclusion, the circled stock is forming a cup and handle pattern, a bullish signal with a high success rate. Investors should watch for the breakout and consider the overall market conditions and trend when evaluating this opportunity.