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Proper base formation
Hi Mike,
Cups & Cups-w-handles require 7 week formations.
In looking at three very similar stocks with similar patterns: SWKS, NXPI and AVGO - SWKS's base is considered too deep and flawed. This is b/c SWKS base is only 5 weeks whereas the other two have longer bases, correct? NXPI breaks above the high set on the left side of the base during the 7th week of the base (assume that meets 7 week criteria?) and AVGO's base is even longer. Otherwise the chart patterns look identical.
Harry
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