The stock chart above is XNPT's weekly. There is a cup with handle formation pattern that has a possible break upward, which could be a very large move. The cup and handle formation has had two levels of consolidation at the rounding bottom (the cup) and the handle, which behaves like a rubberband, shooting prices upward really fast once it is ready break out. I have labeled multiple levels of resistance that XNPT will encounter should it break upwards.
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Wednesday, June 6, 2012
XenoPort Inc Stock Charts with Technical Analysis
The stock chart above is XNPT's weekly. There is a cup with handle formation pattern that has a possible break upward, which could be a very large move. The cup and handle formation has had two levels of consolidation at the rounding bottom (the cup) and the handle, which behaves like a rubberband, shooting prices upward really fast once it is ready break out. I have labeled multiple levels of resistance that XNPT will encounter should it break upwards.
