BAH a tailwind into a Cup and Handle
With recent cyber security hacks plaguing the US online infrastructure, a company like 
BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read was primarily that a good Cup and Handle starts with a 30% "Bump and run" as seen in the blue highlighted box. The book stated a U shape cup with a 5-30% rounded bottom is ideal, like that in the highlighted red box. For a proper Cup and Handle (40% potential rise after the handle) I would need to see the right lip get near (lower is better) the price of the left lip. Followed by a rather dramatic handle formation during the following two weeks.
BAH will have no problem meeting expectation. Given this bullish tailwind, I went looking for a pattern formation I could trade on. I opened up an old favorite book The Encyclopedia of Charts and looked up the parameters of a Cup and Handle (a tradition favorite). What I read was primarily that a good Cup and Handle starts with a 30% "Bump and run" as seen in the blue highlighted box. The book stated a U shape cup with a 5-30% rounded bottom is ideal, like that in the highlighted red box. For a proper Cup and Handle (40% potential rise after the handle) I would need to see the right lip get near (lower is better) the price of the left lip. Followed by a rather dramatic handle formation during the following two weeks. 
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