Etrade! The big dipper, lol. Check out the setup on Etrade’s chart. IMO, it looks like a cup w/handle. The handle is a little bit small so this could be a false signal, but the cup and handle shape is definitely there.

As some may already know, the cup with handle formation is a bullish continuation pattern that basically involves creating a cup, then a small handle right after, and finally a break out upon busting through the handle’s resistance.

I think if ETFC can bust through it’s handle’s resistance it will be a nice break out. This company’s stock has taken an unjustified beating.

Buy if the price breaks out above $5.10-$5.20. Put a stop loss on it and if it explodes upwards, look for resistance just under the $8 level.