The Case of Cup & Handle Breakout : MHC (37 % Gain)

Mabuhay Holdings Corp (MHI)  is a case of  the Cup and Handle breakout which today gained 37.93 % from  P 0.60 to P 0.80 per share.  As seen from Chart below

MHC_24Feb2012_Breakout

From Feb.8-22 , MHC went down as seen on the graph as the Red  candlesticks while  temporarily on consolidation , the following day Feb 23 a Green candlestick appeared which is followed by the breakout today. One characteristic of  a C&H breakout is the height measured from the top handle to bottom of the Cup is the max. range  which turn out to be about  P1.0 per share.  It's best to buy this just before the breakout following the rule "Buy Low , Sell High"  to maximize your Return on Investment. As previously discussed before , possible scenario may happen again on Unioil and Ever stocks anytime next week .

 As always , it's best to study & plan everything before you enter any trade.

Have a nice weekend !