Technical Analysis: Why A Handle Shakeout Signals Less Resistance At Buy Point

When a stock forms a handle on its base, it represents a final shakeout of weak shareholders. That acts as a verification that selling is done and the stock is ready to advance – with less resistance than there may have been if the handle wasn’t there. Fortinet has shaped a cup-with-handle base and is closing in on a buy point. Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. Learn more. Get more IBD: Like us on Facebook   / investorsbusinessdaily   Follow us on Twitter   / ibdinvestors   Follow us on Instagram   / investorsbusinessdaily   Follow us on StockTwits http://stocktwits.com/InvestorsBusine...