Workflow
Cup-and-handle pattern
icon
Search documents
BT share price cup & handle pattern forms: will it jump to 250?
Invezz· 2026-03-25 07:59
Core Viewpoint - BT Group's share price has shown a bullish trend following a significant deal with Northern Ireland Electricity Networks, indicating potential for further gains in the near future [1][2]. Group 1: Recent Developments - BT Group's share price increased by over 3% to 206p after announcing a £200 million deal with NIE, which includes network infrastructure and cybersecurity solutions [1][2]. - The company has formed a bullish cup-and-handle pattern, suggesting a rebound in its stock price this year [1][6]. Group 2: Financial Performance - BT Group's revenue for the third quarter fell to £4.97 billion, down from £5.13 billion year-over-year [3]. - The international business segment experienced a 14% revenue decline to £522 million, prompting a strategic focus on local operations [4]. - The consumer segment reported revenue of £2.468 billion, a decrease of 1% compared to the previous year [5]. Group 3: Customer Trends - The company lost over 210,000 broadband customers and anticipates a total loss of 850,000 for the full year, although this is an improvement from previous guidance [7]. - Openreach, a subsidiary, saw customer numbers rise to 21 million, partially offsetting losses in other segments [7]. Group 4: Technical Analysis - The stock price has rebounded from a low of 171p in November to the current 206p, forming a cup-and-handle pattern, which is a bullish indicator [8]. - The stock remains above the 100-day Exponential Moving Average and has formed a harami candlestick pattern, suggesting potential for further price recovery [9]. - A key target for the stock is 216p, with a possibility of reaching 250p if upward momentum continues after the upcoming earnings report in May [9].
Silver (XAG) Price Prediction: What To Expect In March 2026
Yahoo Finance· 2026-02-21 13:47
Group 1 - Silver price experienced a significant volatility in early 2026, reaching an all-time high of nearly $121 on January 29, followed by a sharp decline of approximately 47% to $63.85 by February 6, before recovering by 32% to around $84 by February 20 [1][2][4] - The XAG/USD daily chart indicates a developing cup pattern, with the price pullback and recovery approaching the neckline of this formation, suggesting potential bullish momentum [2][5] - A hidden bearish divergence is observed in the relative strength index (RSI), indicating that while the RSI shows strength, the price trend may favor consolidation before a decisive move [4][5] Group 2 - The Global X Silver Miners ETF (SIL) trading above $107 supports the bullish case, as it peaked at $119 on January 26, indicating that miners are leading the market recovery [6][7] - Mining companies' resilience suggests that the fundamental picture remains strong despite the earlier liquidation in January, typically signaling a higher price movement in the future [7] - The divergence between the strength in the physical silver market and the hesitancy in the futures market highlights the current dynamics in the silver landscape [7]
Analyst sets date when Nvidia stock will hit $200
Finbold· 2025-05-31 12:19
Core Viewpoint - An analyst has identified a technical setup in Nvidia's stock chart that suggests a potential rise towards $200, despite a recent pullback to $135.13, which is a nearly 3% decline for the day. Over the past month, Nvidia has gained 24% [1][3]. Financial Performance - Nvidia reported strong Q1 2025 earnings, with adjusted earnings per share of $0.96, surpassing the expected $0.93, and revenue of $44.06 billion, exceeding forecasts of $43.31 billion [3]. - The company's revenue guidance for the upcoming quarter is approximately $8 billion lower than expected due to U.S. export restrictions on H20 chips for China, resulting in a $4.5 billion charge linked to excess inventory and $2.5 billion in lost sales [4]. Technical Analysis - A bullish cup-and-handle pattern has been identified in Nvidia's stock chart, indicating a potential for a strong rally if the pattern unfolds as expected. The current resistance level is at $143.60, while strong support from the 50-day and 200-day moving averages is maintaining the bullish outlook [5][6]. - TradingShot projects a medium-term target of $200 based on a 2.0 Fibonacci extension, with the possibility of this occurring by late September 2025. However, a drop below the 50-day moving average could weaken this bullish outlook [7]. Market Sentiment - Despite a bearish divergence on the Relative Strength Index (RSI) indicating slowing momentum, Wall Street remains optimistic about Nvidia's prospects, with several firms raising their price targets due to strong AI-driven growth, even amidst concerns regarding China [9].